Digimarc Corporation (DMRC) Receives News Sentiment Score of 0.11
Headlines about Digimarc Corporation (NASDAQ:DMRC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Digimarc Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the information technology services provider an impact score of 45.9737099021372 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several brokerages have weighed in on DMRC. B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Digimarc Corporation in a research note on Monday, July 24th. Cowen and Company restated a “buy” rating and set a $50.00 price objective on shares of Digimarc Corporation in a research note on Sunday. BidaskClub cut Digimarc Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Digimarc Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Needham & Company LLC raised their price objective on Digimarc Corporation from $33.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $45.75.
Shares of Digimarc Corporation (NASDAQ DMRC) traded up 0.30% during midday trading on Monday, hitting $33.10. The stock had a trading volume of 69,611 shares. The stock’s 50-day moving average is $30.02 and its 200-day moving average is $30.61. Digimarc Corporation has a 12 month low of $24.20 and a 12 month high of $41.75. The stock’s market cap is $356.49 million.
Digimarc Corporation (NASDAQ:DMRC) last posted its earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.68). Digimarc Corporation had a negative return on equity of 32.18% and a negative net margin of 107.49%. The company had revenue of $5.59 million for the quarter, compared to the consensus estimate of $5.69 million. During the same quarter in the prior year, the company earned ($0.62) earnings per share. Digimarc Corporation’s revenue was up 2.4% on a year-over-year basis. Equities analysts anticipate that Digimarc Corporation will post ($2.68) EPS for the current year.
In other Digimarc Corporation news, CFO Charles Beck sold 1,000 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $40.33, for a total value of $40,330.00. Following the transaction, the chief financial officer now owns 39,075 shares of the company’s stock, valued at $1,575,894.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bruce L. Davis sold 700 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $38.17, for a total value of $26,719.00. Following the completion of the transaction, the chief executive officer now directly owns 57,144 shares in the company, valued at approximately $2,181,186.48. The disclosure for this sale can be found here. In the last three months, insiders sold 6,000 shares of company stock worth $233,330. 7.50% of the stock is owned by corporate insiders.
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About Digimarc Corporation
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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