Digimarc (NASDAQ:DMRC) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

DMRC has been the subject of a number of other reports. Zacks Investment Research cut shares of Digimarc from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine upgraded shares of Digimarc from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. National Securities set a $43.00 price target on shares of Digimarc and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Needham & Company LLC reduced their price target on shares of Digimarc from $42.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.75.

How to Become a New Pot Stock Millionaire

Shares of Digimarc (DMRC) opened at $25.85 on Friday. The company has a market cap of $319.61, a price-to-earnings ratio of -10.59 and a beta of -1.09. Digimarc has a twelve month low of $24.20 and a twelve month high of $41.75.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings results on Wednesday, February 21st. The information technology services provider reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.03). The company had revenue of $4.90 million during the quarter, compared to analyst estimates of $5.26 million. Digimarc had a negative return on equity of 33.46% and a negative net margin of 102.21%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.57) earnings per share. equities research analysts forecast that Digimarc will post -2.93 EPS for the current fiscal year.

In other news, CEO Bruce L. Davis sold 5,000 shares of Digimarc stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $30.53, for a total transaction of $152,650.00. Following the completion of the transaction, the chief executive officer now directly owns 92,014 shares in the company, valued at $2,809,187.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 10,500 shares of company stock valued at $344,710 over the last quarter. Corporate insiders own 7.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of DMRC. State Street Corp grew its holdings in shares of Digimarc by 4.7% during the second quarter. State Street Corp now owns 167,370 shares of the information technology services provider’s stock valued at $6,718,000 after buying an additional 7,581 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Digimarc by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock valued at $334,000 after buying an additional 540 shares during the last quarter. Formula Growth Ltd. acquired a new position in shares of Digimarc during the third quarter valued at about $3,614,000. Lagoda Investment Management L.P. grew its holdings in shares of Digimarc by 3.1% during the third quarter. Lagoda Investment Management L.P. now owns 687,296 shares of the information technology services provider’s stock valued at $25,155,000 after buying an additional 20,750 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Digimarc by 4.3% during the third quarter. Janney Montgomery Scott LLC now owns 80,222 shares of the information technology services provider’s stock valued at $2,936,000 after buying an additional 3,289 shares during the last quarter. Hedge funds and other institutional investors own 56.78% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Digimarc (DMRC) Lowered to Strong Sell at BidaskClub” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.watchlistnews.com/digimarc-dmrc-lowered-to-strong-sell-at-bidaskclub/1958578.html.

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.

Analyst Recommendations for Digimarc (NASDAQ:DMRC)

Receive News & Ratings for Digimarc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc and related companies with MarketBeat.com's FREE daily email newsletter.