Digimarc (DMRC) to Release Quarterly Earnings on Wednesday

Digimarc (NASDAQ:DMRC) is expected to announce its results before the market opens on Wednesday, February 25th. Analysts expect Digimarc to post earnings of ($0.0150) per share and revenue of $8.2240 million for the quarter.

Digimarc Trading Up 1.4%

Shares of DMRC opened at $5.02 on Friday. The stock has a market cap of $109.24 million, a PE ratio of -2.94 and a beta of 1.64. Digimarc has a 1 year low of $4.53 and a 1 year high of $29.89. The stock has a 50 day simple moving average of $6.37 and a 200-day simple moving average of $8.18.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Needham & Company LLC reduced their target price on shares of Digimarc from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Digimarc in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Digimarc presently has a consensus rating of “Hold” and an average price target of $20.00.

Institutional Trading of Digimarc

Several hedge funds have recently modified their holdings of the stock. Sender Co & Partners Inc. acquired a new stake in shares of Digimarc in the 2nd quarter valued at $229,000. Bridgeway Capital Management LLC acquired a new position in shares of Digimarc during the second quarter valued at $198,000. Quantbot Technologies LP bought a new position in Digimarc in the second quarter valued at about $190,000. Jump Financial LLC acquired a new stake in Digimarc in the second quarter worth about $163,000. Finally, Engineers Gate Manager LP bought a new stake in Digimarc during the 2nd quarter worth about $132,000. 66.85% of the stock is owned by institutional investors.

Digimarc Company Profile

Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.

The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.