BidaskClub upgraded shares of Digimarc (NASDAQ:DMRC) from a sell rating to a hold rating in a research note released on Wednesday morning.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Digimarc from a hold rating to a sell rating in a report on Tuesday, January 2nd. B. Riley reissued a buy rating and issued a $44.00 price target on shares of Digimarc in a report on Tuesday, November 14th. Finally, Cowen set a $50.00 price target on shares of Digimarc and gave the company a buy rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Digimarc currently has a consensus rating of Hold and an average target price of $45.33.

Digimarc (NASDAQ DMRC) traded up $0.15 during trading on Wednesday, reaching $39.00. 151,854 shares of the company’s stock traded hands, compared to its average volume of 49,876. The company has a market cap of $441.83, a PE ratio of -17.33 and a beta of -1.19. Digimarc has a 52-week low of $24.20 and a 52-week high of $41.75.

Digimarc (NASDAQ:DMRC) last released 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. The firm had revenue of $8.68 million for the quarter, compared to analysts’ expectations of $5.72 million. Digimarc had a negative net margin of 90.69% and a negative return on equity of 30.98%. The business’s revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.55) EPS. research analysts predict that Digimarc will post -2.32 earnings per share for the current fiscal year.

In other Digimarc news, Director Bernard Whitney sold 5,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the director now owns 33,630 shares in the company, valued at approximately $1,177,050. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joel Meyer sold 7,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $35.03, for a total transaction of $245,210.00. Following the transaction, the executive vice president now owns 63,551 shares in the company, valued at approximately $2,226,191.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,444 shares of company stock worth $1,480,616. Company insiders own 7.50% of the company’s stock.

Several large investors have recently made changes to their positions in DMRC. Rhumbline Advisers grew its position in shares of Digimarc by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock worth $452,000 after purchasing an additional 820 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Digimarc during the 2nd quarter worth approximately $301,000. Teachers Advisors LLC grew its position in shares of Digimarc by 5.4% during the 2nd quarter. Teachers Advisors LLC now owns 17,561 shares of the information technology services provider’s stock worth $705,000 after purchasing an additional 893 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Digimarc by 6.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 26,641 shares of the information technology services provider’s stock worth $1,070,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Digimarc by 7.6% during the 2nd quarter. Northern Trust Corp now owns 137,089 shares of the information technology services provider’s stock worth $5,504,000 after purchasing an additional 9,650 shares in the last quarter. Hedge funds and other institutional investors own 56.30% of the company’s stock.

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About Digimarc

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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