Shares of Digimarc Corp (NASDAQ:DMRC) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $66.25.

Several equities analysts have recently weighed in on DMRC shares. Needham & Company LLC reissued a “buy” rating and set a $54.00 price target on shares of Capri in a report on Thursday, May 30th. National Securities reiterated a “buy” rating and issued a $5.00 price target on shares of Aquabounty Technologies in a research note on Monday, May 6th. Craig Hallum increased their price target on Digimarc from $42.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, B. Riley set a $14.00 price target on Tilly’s and gave the stock a “buy” rating in a research note on Thursday, May 30th.

DMRC stock traded up $1.53 during midday trading on Monday, hitting $47.10. The company’s stock had a trading volume of 72,840 shares, compared to its average volume of 144,686. The business has a 50-day simple moving average of $50.10. The stock has a market capitalization of $552.67 million, a P/E ratio of -16.43 and a beta of 0.11. Digimarc has a 12 month low of $14.03 and a 12 month high of $66.50.

Digimarc (NASDAQ:DMRC) last released its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.02). The firm had revenue of $5.66 million for the quarter, compared to the consensus estimate of $5.48 million. Digimarc had a negative net margin of 154.70% and a negative return on equity of 55.04%.

In other news, Director Andrew Walter sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $50.26, for a total transaction of $100,520.00. Following the completion of the transaction, the director now owns 14,110 shares in the company, valued at $709,168.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Tony Rodriguez sold 1,398 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $63.02, for a total value of $88,101.96. Following the transaction, the executive vice president now owns 53,890 shares of the company’s stock, valued at approximately $3,396,147.80. The disclosure for this sale can be found here. Insiders sold a total of 41,113 shares of company stock valued at $2,100,787 in the last quarter. 6.38% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. 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 valued at $74,000 after purchasing an additional 2,352 shares in the last quarter. Bank of America Corp DE grew its position in shares of Digimarc by 17.5% during the fourth quarter. Bank of America Corp DE now owns 23,737 shares of the information technology services provider’s stock valued at $344,000 after purchasing an additional 3,541 shares in the last quarter. Metropolitan Life Insurance Co NY purchased a new position in shares of Digimarc during the first quarter valued at about $116,000. Rhumbline Advisers grew its position in shares of Digimarc by 45.9% during the fourth quarter. Rhumbline Advisers now owns 15,042 shares of the information technology services provider’s stock valued at $218,000 after purchasing an additional 4,732 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Digimarc during the first quarter valued at about $161,000. Hedge funds and other institutional investors own 62.07% of the company’s stock.

About Digimarc

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.

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