Digimarc Corp. (NASDAQ:DMRC) has been given a $47.00 target price by equities researchers at Imperial Capital in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Imperial Capital’s price target points to a potential upside of 63.48% from the company’s current price.

Several other brokerages have also recently weighed in on DMRC. Needham & Company LLC initiated coverage on shares of Digimarc Corp. in a research report on Friday, September 9th. They issued a “buy” rating and a $46.00 price target on the stock. B. Riley reiterated a “buy” rating and set a $44.00 price objective on shares of Digimarc Corp. in a research report on Monday, October 31st. Finally, Zacks Investment Research cut shares of Digimarc Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.60.

Digimarc Corp. (NASDAQ:DMRC) traded down 2.03% during midday trading on Monday, hitting $28.95. 21,842 shares of the stock traded hands. The company’s market cap is $291.90 million. Digimarc Corp. has a 52-week low of $25.04 and a 52-week high of $44.94. The firm’s 50-day moving average is $32.52 and its 200-day moving average is $32.82.

Digimarc Corp. (NASDAQ:DMRC) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.55) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.03. Digimarc Corp. had a negative net margin of 98.10% and a negative return on equity of 38.75%. The company had revenue of $5.60 million for the quarter, compared to analysts’ expectations of $5.61 million. During the same quarter in the previous year, the business posted ($0.54) earnings per share. Digimarc Corp.’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts predict that Digimarc Corp. will post ($2.38) EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of Digimarc Corp. by 27.8% in the third quarter. Wells Fargo & Company MN now owns 3,250 shares of the company’s stock worth $124,000 after buying an additional 706 shares in the last quarter. American International Group Inc. raised its stake in shares of Digimarc Corp. by 7.4% in the second quarter. American International Group Inc. now owns 4,813 shares of the company’s stock worth $154,000 after buying an additional 333 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Digimarc Corp. by 5.1% in the second quarter. Nationwide Fund Advisors now owns 5,343 shares of the company’s stock worth $171,000 after buying an additional 261 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Digimarc Corp. by 43.6% in the third quarter. BlackRock Advisors LLC now owns 5,685 shares of the company’s stock worth $218,000 after buying an additional 1,727 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Digimarc Corp. during the third quarter worth about $241,000. 49.73% of the stock is owned by hedge funds and other institutional investors.

Digimarc Corp. 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 and Digimarc Barcode Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

5 Day Chart for NASDAQ:DMRC

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