Digimarc Corporation (NASDAQ:DMRC) CEO Bruce L. Davis sold 9,444 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $35.78, for a total value of $337,906.32. Following the sale, the chief executive officer now directly owns 87,014 shares of the company’s stock, valued at $3,113,360.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Digimarc Corporation (NASDAQ DMRC) traded up $0.65 during midday trading on Tuesday, hitting $36.20. The stock had a trading volume of 73,000 shares, compared to its average volume of 69,592. Digimarc Corporation has a one year low of $24.20 and a one year high of $41.75.

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.30. The company had revenue of $8.68 million during the quarter, compared to analysts’ expectations of $5.72 million. Digimarc had a negative return on equity of 30.98% and a negative net margin of 90.69%. The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.55) earnings per share. analysts anticipate that Digimarc Corporation will post -2.32 EPS for the current year.

DMRC has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating and set a $50.00 price target on shares of Digimarc in a research report on Sunday, September 17th. B. Riley reaffirmed a “buy” rating and set a $44.00 price target on shares of Digimarc in a research report on Tuesday, November 14th. Zacks Investment Research raised Digimarc from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Finally, BidaskClub downgraded Digimarc from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.33.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marathon Capital Management boosted its stake in Digimarc by 0.5% during the second quarter. Marathon Capital Management now owns 59,605 shares of the information technology services provider’s stock valued at $2,393,000 after buying an additional 275 shares during the period. Bank of America Corp DE boosted its stake in Digimarc by 2.1% during the first quarter. Bank of America Corp DE now owns 20,857 shares of the information technology services provider’s stock valued at $563,000 after buying an additional 431 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Digimarc 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 valued at $334,000 after buying an additional 540 shares during the period. Rhumbline Advisers boosted its stake in Digimarc by 7.9% during the second quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock valued at $452,000 after buying an additional 820 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Digimarc by 5.4% during the second quarter. Teachers Advisors LLC now owns 17,561 shares of the information technology services provider’s stock valued at $705,000 after buying an additional 893 shares during the period. Institutional investors own 56.00% of the company’s stock.

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Digimarc 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 (NASDAQ:DMRC)

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