Digimarc Corporation (NASDAQ:DMRC) Chairman Bruce L. Davis sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the chairman now directly owns 108,677 shares of the company’s stock, valued at $3,836,298.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Digimarc Corporation (NASDAQ:DMRC) opened at $36.65 on Friday. Digimarc Corporation has a fifty-two week low of $24.20 and a fifty-two week high of $41.75.

Digimarc Corporation (NASDAQ:DMRC) last issued its earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.30. The company had revenue of $8.68 million for the quarter, compared to analysts’ expectations of $5.72 million. Digimarc Corporation had a negative net margin of 90.69% and a negative return on equity of 30.98%. Digimarc Corporation’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.55) EPS. sell-side analysts forecast that Digimarc Corporation will post -2.44 earnings per share for the current fiscal year.

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DMRC has been the topic of several analyst reports. Zacks Investment Research cut shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub cut shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target on shares of Digimarc Corporation in a research report on Monday, July 10th. Cowen and Company set a $50.00 price target on shares of Digimarc Corporation and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, B. Riley reissued a “buy” rating and set a $44.00 price target on shares of Digimarc Corporation in a research report on Saturday, July 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.75.

A number of institutional investors have recently added to or reduced their stakes in the business. Marathon Capital Management raised its holdings in Digimarc Corporation by 0.5% in the 2nd quarter. Marathon Capital Management now owns 59,605 shares of the information technology services provider’s stock valued at $2,393,000 after acquiring an additional 275 shares during the period. American International Group Inc. raised its holdings in Digimarc Corporation by 8.1% in the 1st quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock valued at $140,000 after acquiring an additional 391 shares during the period. Bank of America Corp DE raised its holdings in Digimarc Corporation by 2.1% in the 1st quarter. Bank of America Corp DE now owns 20,857 shares of the information technology services provider’s stock valued at $563,000 after acquiring an additional 431 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Digimarc Corporation by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock valued at $334,000 after acquiring an additional 540 shares during the period. Finally, Rhumbline Advisers raised its holdings in Digimarc Corporation by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock valued at $452,000 after acquiring an additional 820 shares during the period. 52.84% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Digimarc Corporation (NASDAQ:DMRC)

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