Digimarc Corp. (DMRC) EVP Joel Meyer Sells 1,000 Shares
Digimarc Corp. (NASDAQ:DMRC) EVP Joel Meyer sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $32.20, for a total transaction of $32,200.00. Following the completion of the sale, the executive vice president now owns 52,260 shares in the company, valued at $1,682,772. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Digimarc Corp. (NASDAQ:DMRC) opened at 31.85 on Tuesday. Digimarc Corp. has a 12-month low of $25.04 and a 12-month high of $44.94. The firm’s 50-day moving average is $31.67 and its 200 day moving average is $33.00. The company’s market cap is $321.14 million.
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, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.03. Digimarc Corp. had a negative return on equity of 38.75% and a negative net margin of 98.10%. The firm had revenue of $5.60 million for the quarter, compared to analysts’ expectations of $5.61 million. During the same period in the prior year, the business posted ($0.54) earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that Digimarc Corp. will post ($2.38) earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on DMRC. Needham & Company LLC began coverage on shares of Digimarc Corp. in a research note 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 target price on shares of Digimarc Corp. in a research report on Saturday, August 20th. Zacks Investment Research downgraded shares of Digimarc Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Finally, Imperial Capital set a $47.00 target price on shares of Digimarc Corp. and gave the stock a “buy” rating in a research report on Monday, November 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Digimarc Corp. presently has a consensus rating of “Buy” and an average price target of $42.60.
Large investors have recently made changes to their positions in the stock. Lagoda Investment Management L.P. bought a new position in Digimarc Corp. during the third quarter valued at $25,000,000. Hood River Capital Management LLC bought a new position in Digimarc Corp. during the third quarter valued at $10,269,000. AWM Investment Company Inc. bought a new position in Digimarc Corp. during the third quarter valued at $3,068,000. BlackRock Fund Advisors boosted its position in Digimarc Corp. by 23.2% in the third quarter. BlackRock Fund Advisors now owns 267,574 shares of the company’s stock valued at $10,261,000 after buying an additional 50,352 shares during the period. Finally, Senvest Management LLC boosted its position in Digimarc Corp. by 6.0% in the third quarter. Senvest Management LLC now owns 850,839 shares of the company’s stock valued at $32,630,000 after buying an additional 47,820 shares during the period. Hedge funds and other institutional investors own 56.50% of the company’s stock.
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.
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