Equities analysts predict that Digimarc Corporation (NASDAQ:DMRC) will report $5.76 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Digimarc Corporation’s earnings, with estimates ranging from $5.61 million to $5.90 million. Digimarc Corporation reported sales of $5.58 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.2%. The company is expected to issue its next earnings report after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Digimarc Corporation will report full-year sales of $5.76 million for the current year, with estimates ranging from $22.76 million to $23.37 million. For the next financial year, analysts forecast that the company will report sales of $27.48 million per share, with estimates ranging from $25.70 million to $30.53 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Digimarc Corporation.

Digimarc Corporation (NASDAQ:DMRC) last announced its quarterly earnings data on Wednesday, July 26th. The information technology services provider reported ($0.68) EPS for the quarter, meeting the Zacks’ 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 the consensus estimate of $5.69 million. During the same period in the previous year, the firm posted ($0.62) earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis.

DMRC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Digimarc Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Cowen and Company restated a “buy” rating and set a $50.00 target price on shares of Digimarc Corporation in a report on Sunday, September 17th. BidaskClub downgraded shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. B. Riley restated a “buy” rating and set a $44.00 target price on shares of Digimarc Corporation in a report on Saturday, July 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Digimarc Corporation in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.75.

Digimarc Corporation (NASDAQ:DMRC) opened at 36.10 on Wednesday. The stock’s market capitalization is $388.80 million. Digimarc Corporation has a 12 month low of $24.20 and a 12 month high of $41.75. The company’s 50-day moving average is $34.30 and its 200-day moving average is $32.52.

Large investors have recently added to or reduced their stakes in the stock. American International Group Inc. grew its stake in shares of Digimarc Corporation by 8.1% in the first quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock valued at $140,000 after buying an additional 391 shares in the last quarter. Wolverine Trading LLC bought a new position in shares of Digimarc Corporation in the second quarter valued at $272,000. Alliancebernstein L.P. bought a new position in shares of Digimarc Corporation in the second quarter valued at $301,000. The Manufacturers Life Insurance Company grew its stake in shares of Digimarc Corporation by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock valued at $334,000 after buying an additional 540 shares in the last quarter. Finally, Berson & Corrado Investment Advisors LLC bought a new position in shares of Digimarc Corporation in the second quarter valued at $385,000. 52.76% of the stock is owned by institutional investors and hedge funds.

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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.

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Earnings History and Estimates for Digimarc Corporation (NASDAQ:DMRC)

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