Analysts expect Digimarc Corp (NASDAQ:DMRC) to post sales of $5.34 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Digimarc’s earnings, with estimates ranging from $5.26 million to $5.47 million. Digimarc reported sales of $5.18 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 28th.

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

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings data on Thursday, October 26th. The information technology services provider reported ($0.39) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.30. Digimarc had a negative net margin of 90.69% and a negative return on equity of 30.98%. The firm had revenue of $8.68 million for the quarter, compared to the consensus estimate of $5.72 million. During the same period in the previous year, the firm posted ($0.55) earnings per share. The firm’s revenue was up 55.6% on a year-over-year basis.

A number of brokerages recently commented on DMRC. BidaskClub raised shares of Digimarc from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Digimarc from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. B. Riley reaffirmed a “buy” rating and set a $44.00 price objective on shares of Digimarc in a research report on Tuesday, November 14th. Finally, Cowen set a $50.00 target price on shares of Digimarc and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Digimarc presently has a consensus rating of “Hold” and an average target price of $45.33.

Digimarc (NASDAQ DMRC) opened at $37.30 on Thursday. Digimarc has a 1 year low of $24.20 and a 1 year high of $41.75.

In other Digimarc news, Director Bernard Whitney sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the director now directly owns 33,630 shares of the company’s stock, valued at $1,177,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bruce L. Davis sold 9,444 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $35.78, for a total transaction of $337,906.32. Following the completion of the sale, the chief executive officer now directly owns 87,014 shares of the company’s stock, valued at $3,113,360.92. The disclosure for this sale can be found here. Insiders sold 31,444 shares of company stock valued at $1,116,066 over the last three months. Insiders own 7.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. grew its position in Digimarc by 44.9% in the second quarter. Baillie Gifford & Co. now owns 252,898 shares of the information technology services provider’s stock worth $10,154,000 after acquiring an additional 78,398 shares in the last quarter. Senvest Management LLC boosted its holdings in shares of Digimarc by 1.5% during the 2nd quarter. Senvest Management LLC now owns 1,004,234 shares of the information technology services provider’s stock worth $40,320,000 after buying an additional 15,152 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Digimarc by 8.8% during the 1st quarter. Geode Capital Management LLC now owns 82,410 shares of the information technology services provider’s stock worth $2,225,000 after buying an additional 6,675 shares during the period. FMR LLC bought a new stake in shares of Digimarc during the 2nd quarter worth $6,413,000. Finally, Suffolk Capital Management LLC bought a new stake in shares of Digimarc during the 3rd quarter worth $1,336,000. 53.42% of the stock is owned by institutional investors.

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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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