Digimarc Corp (NASDAQ:DMRC) issued its earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.68), Briefing.com reports. Digimarc Corp had a negative net margin of 124.27% and a negative return on equity of 37.52%. The firm had revenue of $5.59 million during the quarter, compared to the consensus estimate of $5.69 million. During the same quarter in the prior year, the firm earned ($0.62) earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis.

Shares of Digimarc Corp (NASDAQ:DMRC) opened at 30.95 on Tuesday. The stock’s 50 day moving average is $34.60 and its 200-day moving average is $29.73. Digimarc Corp has a 1-year low of $24.20 and a 1-year high of $41.75. The firm’s market cap is $333.33 million.

DMRC has been the subject of several research reports. Craig Hallum downgraded shares of Digimarc Corp from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Zacks Investment Research raised shares of Digimarc Corp from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. ValuEngine raised shares of Digimarc Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Cowen and Company raised their target price on shares of Digimarc Corp from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, June 27th. Finally, Needham & Company LLC raised their target price on shares of Digimarc Corp from $33.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.75.

In other Digimarc Corp news, CEO Bruce L. Davis sold 4,300 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $38.67, for a total transaction of $166,281.00. Following the sale, the chief executive officer now directly owns 57,144 shares of the company’s stock, valued at $2,209,758.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Joel Meyer sold 7,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $31.77, for a total transaction of $222,390.00. Following the sale, the executive vice president now directly owns 70,121 shares in the company, valued at $2,227,744.17. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock worth $601,820 over the last three months. 7.50% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Primecap Management Co. CA increased its stake in shares of Digimarc Corp by 30.3% in the first quarter. Primecap Management Co. CA now owns 460,000 shares of the information technology services provider’s stock worth $12,420,000 after buying an additional 107,000 shares during the last quarter. Vanguard Group Inc. boosted its position in Digimarc Corp by 9.8% in the first quarter. Vanguard Group Inc. now owns 433,039 shares of the information technology services provider’s stock valued at $11,692,000 after buying an additional 38,804 shares during the period. Cowen Prime Services LLC boosted its position in Digimarc Corp by 2.8% in the first quarter. Cowen Prime Services LLC now owns 379,605 shares of the information technology services provider’s stock valued at $10,249,000 after buying an additional 10,201 shares during the period. Hood River Capital Management LLC boosted its position in Digimarc Corp by 3.2% in the first quarter. Hood River Capital Management LLC now owns 298,397 shares of the information technology services provider’s stock valued at $8,057,000 after buying an additional 9,293 shares during the period. Finally, Formula Growth Ltd. boosted its position in Digimarc Corp by 70.0% in the first quarter. Formula Growth Ltd. now owns 210,417 shares of the information technology services provider’s stock valued at $5,681,000 after buying an additional 86,607 shares during the period. 54.94% of the stock is currently owned by hedge funds and other institutional investors.

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About Digimarc Corp

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.

Earnings History for Digimarc Corp (NASDAQ:DMRC)

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