Stock analysts at Northland Securities assumed coverage on shares of Digimarc (NASDAQ:DMRC) in a research note issued to investors on Thursday, The Fly reports. The firm set an “outperform” rating on the information technology services provider’s stock.
A number of other research analysts also recently issued reports on DMRC. Craig Hallum upped their price target on Digimarc from $42.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 24th. Needham & Company LLC downgraded Digimarc from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. They noted that the move was a valuation call. ValuEngine downgraded Digimarc from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. BidaskClub raised Digimarc from a “strong sell” rating to a “sell” rating in a report on Friday, September 6th. Finally, B. Riley downgraded Digimarc from a “buy” rating to a “neutral” rating and increased their target price for the company from $44.00 to $57.50 in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Digimarc presently has a consensus rating of “Hold” and a consensus target price of $48.70.
Digimarc stock opened at $41.02 on Thursday. The business’s fifty day simple moving average is $42.48 and its two-hundred day simple moving average is $42.04. Digimarc has a 12 month low of $14.03 and a 12 month high of $66.50. The company has a market capitalization of $479.05 million, a price-to-earnings ratio of -14.34 and a beta of 0.11.
Digimarc (NASDAQ:DMRC) last announced its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported ($0.68) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.07. The firm had revenue of $6.18 million for the quarter. Digimarc had a negative return on equity of 56.59% and a negative net margin of 149.00%.
Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in Digimarc by 780.6% in the second quarter. Bank of Montreal Can now owns 1,092 shares of the information technology services provider’s stock valued at $49,000 after acquiring an additional 968 shares during the period. Aperio Group LLC purchased a new stake in shares of Digimarc during the second quarter worth about $72,000. BNP Paribas Arbitrage SA grew its position in shares of Digimarc by 58,800.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,356 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 2,352 shares in the last quarter. Metropolitan Life Insurance Co NY purchased a new stake in shares of Digimarc during the first quarter worth about $116,000. Finally, Redmond Asset Management LLC purchased a new stake in shares of Digimarc during the second quarter worth about $211,000. 62.05% of the stock is currently owned by institutional investors.
Digimarc Company Profile
Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It 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.
Receive News & Ratings for Digimarc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc and related companies with MarketBeat.com's FREE daily email newsletter.