Digimarc Corporation (NASDAQ:DMRC) has been assigned a $50.00 price objective by investment analysts at Cowen and Company in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the information technology services provider’s stock. Cowen and Company’s target price would indicate a potential upside of 39.47% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Craig Hallum downgraded shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub downgraded shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price objective on shares of Digimarc Corporation in a research report on Monday, July 10th. Finally, B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Digimarc Corporation in a research report on Saturday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.75.

Shares of Digimarc Corporation (NASDAQ DMRC) traded up 0.42% during midday trading on Tuesday, reaching $36.00. 100,596 shares of the company were exchanged. Digimarc Corporation has a 52-week low of $24.20 and a 52-week high of $41.75. The company’s market capitalization is $387.72 million. The stock has a 50-day moving average price of $34.25 and a 200 day moving average price of $32.46.

Digimarc Corporation (NASDAQ:DMRC) last issued its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.68). Digimarc Corporation had a negative net margin of 107.49% and a negative return on equity of 32.18%. The firm had revenue of $5.59 million for the quarter, compared to analyst estimates of $5.69 million. During the same period in the previous year, the business earned ($0.62) EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts expect that Digimarc Corporation will post ($2.68) EPS for the current fiscal year.

WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/24/digimarc-corporation-dmrc-earns-buy-rating-from-cowen-and-company.html.

Several hedge funds have recently made changes to their positions in the stock. Kimelman & Baird LLC boosted its holdings in shares of Digimarc Corporation by 1.1% during the 2nd quarter. Kimelman & Baird LLC now owns 291,958 shares of the information technology services provider’s stock worth $11,722,000 after buying an additional 3,180 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Digimarc Corporation by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock worth $334,000 after buying an additional 540 shares during the period. State Street Corp boosted its holdings in shares of Digimarc Corporation by 4.7% during the 2nd quarter. State Street Corp now owns 167,370 shares of the information technology services provider’s stock worth $6,718,000 after buying an additional 7,581 shares during the period. Lagoda Investment Management L.P. boosted its holdings in shares of Digimarc Corporation by 9.5% during the 2nd quarter. Lagoda Investment Management L.P. now owns 666,546 shares of the information technology services provider’s stock worth $26,762,000 after buying an additional 58,053 shares during the period. Finally, Wolverine Trading LLC bought a new stake in shares of Digimarc Corporation during the 2nd quarter worth about $272,000. 52.76% of the stock is owned by institutional investors and hedge funds.

About Digimarc Corporation

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

Analyst Recommendations for Digimarc Corporation (NASDAQ:DMRC)

Receive News & Ratings for Digimarc Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc Corporation and related companies with MarketBeat.com's FREE daily email newsletter.