Digimarc (DMRC) Issues Quarterly Earnings Results

Digimarc (NASDAQ:DMRC) issued its quarterly earnings results on Wednesday. The information technology services provider reported ($0.73) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.75) by $0.02, Fidelity Earnings reports. Digimarc had a negative return on equity of 37.68% and a negative net margin of 116.98%.

Shares of NASDAQ:DMRC opened at $25.13 on Thursday. Digimarc has a twelve month low of $22.85 and a twelve month high of $39.95.

In other news, CEO Bruce L. Davis sold 8,930 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $30.27, for a total transaction of $270,311.10. Following the transaction, the chief executive officer now directly owns 60,887 shares of the company’s stock, valued at $1,843,049.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.50% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on the company. BidaskClub raised Digimarc from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th. ValuEngine lowered Digimarc from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, Zacks Investment Research lowered Digimarc from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $38.25.

About Digimarc

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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Earnings History for Digimarc (NASDAQ:DMRC)

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