Digimarc Corp (NASDAQ:DMRC) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $42.75.

DMRC has been the topic of a number of recent research reports. National Securities reiterated a “buy” rating and set a $43.00 target price on shares of Digimarc in a research note on Monday, August 6th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price (down previously from $35.00) on shares of Digimarc in a research note on Friday, August 3rd. Zacks Investment Research upgraded Digimarc from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Monday, August 6th. BidaskClub upgraded Digimarc from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Finally, ValuEngine upgraded Digimarc from a “hold” rating to a “buy” rating in a research note on Friday, September 7th.

In other Digimarc news, CEO Bruce L. Davis sold 5,000 shares of the firm’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $27.00, for a total transaction of $135,000.00. Following the transaction, the chief executive officer now owns 77,240 shares in the company, valued at approximately $2,085,480. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 6.10% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC increased its stake in Digimarc by 56.3% during the 2nd quarter. Janus Henderson Group PLC now owns 918,597 shares of the information technology services provider’s stock worth $24,618,000 after acquiring an additional 331,052 shares during the period. Senvest Management LLC increased its stake in shares of Digimarc by 7.1% in the 1st quarter. Senvest Management LLC now owns 892,156 shares of the information technology services provider’s stock valued at $21,367,000 after purchasing an additional 58,826 shares during the last quarter. BlackRock Inc. increased its stake in shares of Digimarc by 15.9% in the 2nd quarter. BlackRock Inc. now owns 715,481 shares of the information technology services provider’s stock valued at $19,174,000 after purchasing an additional 98,190 shares during the last quarter. Hood River Capital Management LLC increased its stake in shares of Digimarc by 3.9% in the 2nd quarter. Hood River Capital Management LLC now owns 589,869 shares of the information technology services provider’s stock valued at $15,808,000 after purchasing an additional 22,143 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Digimarc by 3.5% in the 2nd quarter. Baillie Gifford & Co. now owns 425,736 shares of the information technology services provider’s stock valued at $11,409,000 after purchasing an additional 14,261 shares during the last quarter. Hedge funds and other institutional investors own 55.55% of the company’s stock.

Shares of NASDAQ DMRC traded down $0.25 during trading hours on Friday, reaching $30.30. 100 shares of the stock were exchanged, compared to its average volume of 51,413. The firm has a market cap of $362.95 million, a P/E ratio of -12.42 and a beta of -1.18. Digimarc has a 52 week low of $22.85 and a 52 week high of $39.95.

Digimarc (NASDAQ:DMRC) last announced its earnings results on Wednesday, August 1st. The information technology services provider reported ($0.71) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.81) by $0.10. The company had revenue of $5.44 million for the quarter, compared to analyst estimates of $5.28 million. Digimarc had a negative return on equity of 37.68% and a negative net margin of 116.98%. research analysts predict that Digimarc will post -2.92 earnings per share for the current fiscal year.

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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