Digimarc (DMRC) Earns Daily Media Sentiment Rating of 0.09
Media coverage about Digimarc (NASDAQ:DMRC) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Digimarc earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 45.0183199779964 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- FutureProof Retail and Digimarc Speed Up Mobile Self-Scanning and Checkout (newswire.com)
- New Digimarc Barcode for Thermal Labels Simplifies Retail Checkout and Reduces Product Shrink (finance.yahoo.com)
- Head to Head Comparison: Radware (RDWR) versus Digimarc (DMRC) (americanbankingnews.com)
- Cashier Survey Reveals Widespread Problems Scanning Fresh Food Labels (finance.yahoo.com)
- Digimarc Corp (DMRC) Expected to Post Quarterly Sales of $5.34 Million (americanbankingnews.com)
DMRC has been the subject of several recent analyst reports. B. Riley restated a “buy” rating and set a $44.00 target price on shares of Digimarc in a research report on Tuesday, November 14th. Cowen restated a “buy” rating and set a $50.00 target price on shares of Digimarc in a research report on Sunday, September 17th. Zacks Investment Research upgraded Digimarc from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Finally, BidaskClub upgraded Digimarc from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Digimarc has a consensus rating of “Hold” and an average target price of $45.33.
Digimarc (DMRC) opened at $39.00 on Friday. Digimarc has a 12-month low of $24.20 and a 12-month high of $41.75. The stock has a market capitalization of $454.55, a P/E ratio of -17.33 and a beta of -1.19.
Digimarc (NASDAQ:DMRC) last posted its quarterly earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $5.72 million. During the same quarter in the previous year, the firm posted ($0.55) earnings per share. The company’s revenue was up 55.6% on a year-over-year basis. analysts forecast that Digimarc will post -2.32 earnings per share for the current fiscal year.
In other news, Chairman Bruce L. Davis sold 5,000 shares of Digimarc stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the chairman now owns 108,677 shares of the company’s stock, valued at $3,836,298.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joel Meyer sold 7,000 shares of Digimarc stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total transaction of $245,210.00. Following the sale, the executive vice president now directly owns 63,551 shares of the company’s stock, valued at approximately $2,226,191.53. The disclosure for this sale can be found here. Insiders have sold 41,444 shares of company stock valued at $1,480,616 in the last ninety days. Insiders own 7.50% of the company’s stock.
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Digimarc 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.
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