Digimarc Corporation (NASDAQ:DMRC) Chairman Bruce L. Davis sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the chairman now owns 108,677 shares in the company, valued at approximately $3,836,298.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Digimarc Corporation (NASDAQ:DMRC) last released its earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.30. Digimarc Corporation had a negative return on equity of 30.98% and a negative net margin of 90.69%. The firm had revenue of $8.68 million for the quarter, compared to analyst estimates of $5.72 million. During the same quarter in the prior year, the firm posted ($0.55) earnings per share. The company’s quarterly revenue was up 55.6% on a year-over-year basis.

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Several analysts have issued reports on the company. Craig Hallum downgraded Digimarc Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub downgraded Digimarc Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded Digimarc Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Cowen and Company set a $50.00 price objective on Digimarc Corporation and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Digimarc Corporation in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $45.75.

A number of large investors have recently added to or reduced their stakes in DMRC. American International Group Inc. lifted its stake in 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 during the period. Wolverine Trading LLC acquired a new stake in shares of Digimarc Corporation during the second quarter worth about $272,000. Alliancebernstein L.P. acquired a new stake in shares of Digimarc Corporation during the second quarter worth about $301,000. The Manufacturers Life Insurance Company raised its position in shares of Digimarc Corporation by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock worth $334,000 after purchasing an additional 540 shares during the period. Finally, Berson & Corrado Investment Advisors LLC acquired a new stake in shares of Digimarc Corporation during the second quarter worth about $385,000. 52.84% of the stock is currently owned by hedge funds and other institutional investors.

Digimarc Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Digimarc Corporation (NASDAQ:DMRC)

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