Press coverage about Digimarc Corporation (NASDAQ:DMRC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Digimarc Corporation earned a news impact score of 0.25 on Accern’s scale. Accern also assigned press coverage about the information technology services provider an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- ETFs with exposure to Digimarc Corp. : June 20, 2017 (finance.yahoo.com)
- Digimarc Corporation (DMRC) Insider Tony Rodriguez Sells 2,000 Shares (americanbankingnews.com)
- Uptrend Call Working As Digimarc Stock Rises 36.9% (DMRC) (mysmartrend.com)
- Digimarc Could Speed Check-Out for Amazon Whole Foods, Says Needham (finance.yahoo.com)
- Needham & Company LLC Increases Digimarc Corporation (DMRC) Price Target to $42.00 (americanbankingnews.com)
DMRC has been the topic of several analyst reports. B. Riley initiated coverage on Digimarc Corporation in a report on Wednesday, February 22nd. They set a “buy” rating and a $44.00 target price on the stock. Needham & Company LLC reduced their target price on Digimarc Corporation from $40.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, February 23rd. Zacks Investment Research raised Digimarc Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Finally, ValuEngine raised Digimarc Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Digimarc Corporation presently has an average rating of “Buy” and an average price target of $44.33.
Digimarc Corporation (NASDAQ:DMRC) traded down 1.94% during mid-day trading on Tuesday, hitting $37.90. The stock had a trading volume of 145,388 shares. The stock’s market capitalization is $385.97 million. The company’s 50 day moving average is $32.70 and its 200-day moving average is $28.58. Digimarc Corporation has a 52 week low of $24.20 and a 52 week high of $40.13.
Digimarc Corporation (NASDAQ:DMRC) last released its quarterly earnings data on Wednesday, April 26th. The information technology services provider reported ($0.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.05. Digimarc Corporation had a negative return on equity of 34.25% and a negative net margin of 100.68%. The company had revenue of $6.10 million for the quarter, compared to analyst estimates of $5.61 million. During the same period in the previous year, the company posted ($0.64) EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect that Digimarc Corporation will post ($2.65) EPS for the current fiscal year.
In related news, insider Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $35.30, for a total transaction of $70,600.00. Following the sale, the insider now directly owns 31,887 shares in the company, valued at approximately $1,125,611.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joel Meyer sold 7,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $31.77, for a total value of $222,390.00. Following the sale, the executive vice president now owns 70,121 shares in the company, valued at $2,227,744.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,000 shares of company stock worth $445,080. 7.50% of the stock is currently owned by corporate insiders.
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Digimarc Corporation 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.
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