Zacks Investment Research lowered shares of Digimarc (NASDAQ:DMRC) from a hold rating to a sell rating in a research report released on Tuesday.

According to Zacks, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market. “

DMRC has been the subject of several other reports. B. Riley reissued a buy rating and set a $44.00 price target on shares of Digimarc in a report on Tuesday, November 14th. Cowen reissued a buy rating and set a $50.00 price target on shares of Digimarc in a report on Sunday, September 17th. Finally, BidaskClub downgraded shares of Digimarc from a hold rating to a sell rating in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $45.33.

Digimarc (DMRC) opened at $36.65 on Tuesday. The company has a market cap of $434.27, a PE ratio of -16.29 and a beta of -1.19. Digimarc has a 1-year low of $24.20 and a 1-year high of $41.75.

Digimarc (NASDAQ:DMRC) last released its quarterly earnings data on Thursday, October 26th. The information technology services provider reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.30. Digimarc had a negative net margin of 90.69% and a negative return on equity of 30.98%. The company had revenue of $8.68 million during the quarter, compared to the consensus estimate of $5.72 million. During the same period last year, the firm earned ($0.55) EPS. The firm’s revenue for the quarter was up 55.6% compared to the same quarter last year. equities analysts predict that Digimarc will post -2.32 EPS for the current year.

In other Digimarc news, CEO Bruce L. Davis sold 9,444 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $35.78, for a total value of $337,906.32. Following the completion of the transaction, the chief executive officer now directly owns 87,014 shares of the company’s stock, valued at $3,113,360.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bernard Whitney sold 5,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,177,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,444 shares of company stock valued at $1,480,616. Insiders own 7.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DMRC. Wolverine Trading LLC bought a new position in shares of Digimarc in the second quarter worth about $272,000. Alliancebernstein L.P. bought a new position in shares of Digimarc in the second quarter worth about $301,000. The Manufacturers Life Insurance Company raised its stake in shares of Digimarc by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock worth $334,000 after acquiring an additional 540 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Digimarc by 7.9% in the second quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock worth $452,000 after acquiring an additional 820 shares during the last quarter. Finally, 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 buying an additional 893 shares during the period. 53.42% of the stock is owned by institutional investors.

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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.

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