Digimarc (DMRC) Lowered to “Sell” at ValuEngine

Digimarc (NASDAQ:DMRC) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

DMRC has been the subject of a number of other research reports. Zacks Investment Research raised shares of Digimarc from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. BidaskClub raised shares of Digimarc from a “sell” rating to a “hold” rating in a research report on Friday, April 20th. Needham & Company LLC lowered their price objective on shares of Digimarc from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, April 26th. Finally, National Securities set a $43.00 price objective on shares of Digimarc and gave the stock a “buy” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $43.00.

Shares of Digimarc traded down $0.55, reaching $28.55, during midday trading on Thursday, according to Marketbeat Ratings. 70,606 shares of the stock were exchanged, compared to its average volume of 84,906. The company has a market capitalization of $344.16 million, a P/E ratio of -11.70 and a beta of -1.01. Digimarc has a twelve month low of $28.95 and a twelve month high of $29.30.

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings results on Wednesday, April 25th. The information technology services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.81) by $1.53. The business had revenue of $5.61 million during the quarter, compared to the consensus estimate of $5.48 million. Digimarc had a negative net margin of 111.85% and a negative return on equity of 35.03%. equities research analysts forecast that Digimarc will post -3.13 earnings per share for the current fiscal year.

In other Digimarc news, CEO Bruce L. Davis sold 14,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $27.95, for a total value of $405,275.00. Following the completion of the transaction, the chief executive officer now owns 99,096 shares of the company’s stock, valued at approximately $2,769,733.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joel Meyer sold 6,729 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $28.82, for a total transaction of $193,929.78. Following the completion of the transaction, the executive vice president now directly owns 72,563 shares of the company’s stock, valued at approximately $2,091,265.66. The disclosure for this sale can be found here. Insiders have sold a total of 21,729 shares of company stock valued at $612,715 in the last ninety days. 7.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new position in Digimarc in the 4th quarter valued at approximately $143,000. Wolverine Trading LLC purchased a new position in Digimarc in the 4th quarter valued at approximately $338,000. Citadel Advisors LLC boosted its position in Digimarc by 518.3% in the 1st quarter. Citadel Advisors LLC now owns 14,506 shares of the information technology services provider’s stock valued at $347,000 after buying an additional 12,160 shares during the period. Deutsche Bank AG boosted its position in Digimarc by 89.4% in the 4th quarter. Deutsche Bank AG now owns 22,891 shares of the information technology services provider’s stock valued at $826,000 after buying an additional 10,803 shares during the period. Finally, Marathon Capital Management boosted its position in Digimarc by 3.9% in the 1st quarter. Marathon Capital Management now owns 74,525 shares of the information technology services provider’s stock valued at $1,784,000 after buying an additional 2,800 shares during the period. 59.16% of the stock is owned by institutional investors.

Digimarc Company Profile

Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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Analyst Recommendations for Digimarc (NASDAQ:DMRC)

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