Somewhat Positive Media Coverage Somewhat Unlikely to Affect Digimarc Corporation (DMRC) Share Price
News headlines about Digimarc Corporation (NASDAQ:DMRC) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Digimarc Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the information technology services provider an impact score of 44.9922515372163 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Digimarc Corporation (NASDAQ DMRC) opened at $38.30 on Friday. Digimarc Corporation has a twelve month low of $24.20 and a twelve month high of $41.75.
Digimarc Corporation (NASDAQ:DMRC) last issued its quarterly earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.30. The firm had revenue of $8.68 million for the quarter, compared to analyst estimates of $5.72 million. Digimarc Corporation had a negative net margin of 90.69% and a negative return on equity of 30.98%. The business’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.55) EPS. equities research analysts anticipate that Digimarc Corporation will post -2.44 earnings per share for the current year.
DMRC has been the topic of a number of analyst reports. Cowen Inc set a $50.00 target price on shares of Digimarc Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. B. Riley reaffirmed a “buy” rating and set a $44.00 target price on shares of Digimarc Corporation in a report on Saturday, July 29th. Finally, Zacks Investment Research lowered shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Digimarc Corporation has a consensus rating of “Hold” and an average price target of $45.33.
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In other news, EVP Joel Meyer sold 7,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total value of $245,210.00. Following the transaction, the executive vice president now owns 63,551 shares of the company’s stock, valued at approximately $2,226,191.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bernard Whitney sold 5,000 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the transaction, the director now directly owns 33,630 shares in the company, valued at approximately $1,177,050. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock worth $596,710 in the last three months. Insiders own 7.50% of the company’s stock.
Digimarc Corporation 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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