Favorable Press Coverage Somewhat Unlikely to Impact Digimarc (DMRC) Share Price
News coverage about Digimarc (NASDAQ:DMRC) has been trending positive on Wednesday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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 0.26 on Accern’s scale. Accern also assigned headlines about the information technology services provider an impact score of 46.8989837264023 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
DMRC has been the topic of several recent research reports. B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Digimarc in a report on Tuesday, November 14th. Cowen set a $50.00 price objective on shares of Digimarc and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub raised shares of Digimarc from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research raised shares of Digimarc from a “sell” rating to a “hold” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.33.
Shares of Digimarc (NASDAQ:DMRC) opened at $28.65 on Wednesday. The company has a market cap of $326.28, a price-to-earnings ratio of -12.73 and a beta of -1.35. Digimarc has a twelve month low of $24.20 and a twelve month high of $41.75.
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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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