Digimarc Corporation (DMRC) Receives Daily News Sentiment Rating of 0.10
Media stories about Digimarc Corporation (NASDAQ:DMRC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Digimarc Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the information technology services provider an impact score of 45.9688539728474 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Xcerra : beats Street 4Q forecasts (4-traders.com)
- Brokerages Anticipate Digimarc Corporation (DMRC) Will Post Quarterly Sales of $5.87 Million (americanbankingnews.com)
- Vanguard Group Inc Raises Its Ownership in Berry Global Group, Inc. (BERY) (wisdomsave.com)
- Shares of DMRC Down 15.4% Since Downtrend Call on Shares (mysmartrend.com)
Shares of Digimarc Corporation (DMRC) remained flat at $30.90 on Thursday. 48,612 shares of the stock traded hands. Digimarc Corporation has a one year low of $24.20 and a one year high of $41.75. The firm’s market capitalization is $332.79 million. The stock has a 50 day moving average price of $30.06 and a 200-day moving average price of $30.05.
Digimarc Corporation (NASDAQ:DMRC) last issued its quarterly earnings data on Wednesday, July 26th. The information technology services provider reported ($0.68) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.68). Digimarc Corporation had a negative net margin of 107.49% and a negative return on equity of 32.18%. The business had revenue of $5.59 million during the quarter, compared to analyst estimates of $5.69 million. During the same period in the prior year, the business earned ($0.62) EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts anticipate that Digimarc Corporation will post ($2.68) earnings per share for the current fiscal year.
A number of research firms have commented on DMRC. B. Riley restated a “buy” rating and issued a $44.00 price target on shares of Digimarc Corporation in a report on Saturday, July 29th. Cowen and Company set a $50.00 price target on shares of Digimarc Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. BidaskClub cut shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $42.00 price target on shares of Digimarc Corporation in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Digimarc Corporation currently has an average rating of “Hold” and a consensus price target of $45.75.
In other 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 value of $166,281.00. Following the sale, the chief executive officer now directly owns 57,144 shares of the company’s stock, valued at approximately $2,209,758.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bruce L. Davis sold 700 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $38.17, for a total transaction of $26,719.00. Following the completion of the sale, the chief executive officer now directly owns 57,144 shares in the company, valued at $2,181,186.48. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock worth $379,430 over the last ninety days. 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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