Shares of Digimarc Corp (NASDAQ:DMRC) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $45.33.

A number of research firms recently commented on DMRC. BidaskClub raised shares of Digimarc from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research raised shares of Digimarc from a “sell” rating to a “hold” rating in a report on Monday, October 16th. B. Riley reaffirmed a “buy” rating and issued a $44.00 price target on shares of Digimarc in a report on Tuesday, November 14th. Finally, Cowen set a $50.00 price target on shares of Digimarc and gave the stock a “buy” rating in a report on Tuesday, October 24th.

In related news, EVP Joel Meyer sold 7,000 shares of Digimarc stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total value of $245,210.00. Following the completion of the transaction, the executive vice president now directly owns 63,551 shares in the company, valued at approximately $2,226,191.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bruce L. Davis sold 5,000 shares of Digimarc stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $35.71, for a total transaction of $178,550.00. Following the completion of the transaction, the chief executive officer now owns 92,014 shares of the company’s stock, valued at $3,285,819.94. The disclosure for this sale can be found here. Insiders sold a total of 41,444 shares of company stock worth $1,480,616 in the last ninety days. 7.50% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Senvest Management LLC grew its stake in Digimarc by 1.5% in the 2nd quarter. Senvest Management LLC now owns 1,004,234 shares of the information technology services provider’s stock valued at $40,320,000 after buying an additional 15,152 shares in the last quarter. Lagoda Investment Management L.P. grew its stake in Digimarc by 3.1% in the 3rd quarter. Lagoda Investment Management L.P. now owns 687,296 shares of the information technology services provider’s stock valued at $25,155,000 after buying an additional 20,750 shares in the last quarter. Vanguard Group Inc. grew its stake in Digimarc by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 444,335 shares of the information technology services provider’s stock valued at $17,840,000 after buying an additional 11,296 shares in the last quarter. Hood River Capital Management LLC grew its stake in Digimarc by 2.6% in the 2nd quarter. Hood River Capital Management LLC now owns 306,215 shares of the information technology services provider’s stock valued at $12,295,000 after buying an additional 7,818 shares in the last quarter. Finally, Kimelman & Baird LLC grew its stake in Digimarc by 1.1% in the 2nd quarter. Kimelman & Baird LLC now owns 291,958 shares of the information technology services provider’s stock valued at $11,722,000 after buying an additional 3,180 shares in the last quarter. Institutional investors and hedge funds own 56.30% of the company’s stock.

Digimarc (NASDAQ:DMRC) opened at $39.00 on Tuesday. Digimarc has a 1 year low of $24.20 and a 1 year high of $41.75. The company has a market cap of $441.84, a P/E ratio of -17.33 and a beta of -1.19.

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

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About Digimarc

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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