Digimarc Corp (DMRC) Expected to Announce Quarterly Sales of $5.34 Million

Brokerages predict that Digimarc Corp (NASDAQ:DMRC) will post sales of $5.34 million for the current quarter, according to Zacks. Three analysts have made estimates for Digimarc’s earnings, with estimates ranging from $5.26 million to $5.47 million. Digimarc posted sales of $5.18 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The company is expected to report its next earnings report on Wednesday, February 28th.

On average, analysts expect that Digimarc will report full year sales of $5.34 million for the current financial year, with estimates ranging from $22.76 million to $25.64 million. For the next financial year, analysts expect that the business will report sales of $25.57 million per share, with estimates ranging from $22.92 million to $30.53 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Digimarc.

Digimarc (NASDAQ:DMRC) last issued its quarterly earnings data on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.30. Digimarc had a negative net margin of 48.86% and a negative return on equity of 21.59%. The company had revenue of $8.68 million for the quarter, compared to analysts’ expectations of $5.72 million. During the same quarter in the previous year, the firm posted ($0.55) earnings per share. Digimarc’s revenue for the quarter was up 55.6% on a year-over-year basis.

Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Digimarc from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Cowen set a $50.00 target price on shares of Digimarc and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of Digimarc from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Digimarc in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $45.33.

In other news, CEO Bruce L. Davis sold 5,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $36.29, for a total transaction of $181,450.00. Following the transaction, the chief executive officer now owns 104,006 shares in the company, valued at $3,774,377.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joel Meyer sold 7,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total transaction of $245,210.00. Following the transaction, the executive vice president now owns 63,551 shares in the company, valued at approximately $2,226,191.53. The disclosure for this sale can be found here. Insiders have sold 41,444 shares of company stock worth $1,480,616 in the last quarter. Company insiders own 7.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Senvest Management LLC raised its holdings in shares of Digimarc by 1.5% during the second quarter. Senvest Management LLC now owns 1,004,234 shares of the information technology services provider’s stock valued at $40,320,000 after purchasing an additional 15,152 shares during the period. FMR LLC acquired a new position in shares of Digimarc during the second quarter valued at about $6,413,000. Janney Montgomery Scott LLC raised its holdings in shares of Digimarc by 4.3% during the third quarter. Janney Montgomery Scott LLC now owns 80,222 shares of the information technology services provider’s stock valued at $2,936,000 after purchasing an additional 3,289 shares during the period. Suffolk Capital Management LLC acquired a new position in shares of Digimarc during the third quarter valued at about $1,336,000. Finally, Baillie Gifford & Co. raised its holdings in shares of Digimarc by 3.4% during the third quarter. Baillie Gifford & Co. now owns 261,462 shares of the information technology services provider’s stock valued at $9,570,000 after purchasing an additional 8,564 shares during the period. Hedge funds and other institutional investors own 56.34% of the company’s stock.

Digimarc (NASDAQ DMRC) opened at $36.15 on Tuesday. The stock has a market cap of $421.33, a price-to-earnings ratio of -16.07 and a beta of -1.19. Digimarc has a fifty-two week low of $24.20 and a fifty-two week high of $41.75.

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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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Earnings History and Estimates for Digimarc (NASDAQ:DMRC)

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