Digimarc (DMRC) to Release Quarterly Earnings on Wednesday

Digimarc (NASDAQ:DMRC) is anticipated to issue its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of ($0.0150) per share and revenue of $8.2240 million for the quarter.

Digimarc Trading Up 1.4%

NASDAQ:DMRC opened at $5.02 on Friday. Digimarc has a 1-year low of $4.53 and a 1-year high of $29.89. The firm has a market capitalization of $109.24 million, a price-to-earnings ratio of -2.94 and a beta of 1.64. The business’s 50-day moving average price is $6.37 and its two-hundred day moving average price is $8.18.

Wall Street Analysts Forecast Growth

DMRC has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Digimarc in a research note on Wednesday, January 21st. Needham & Company LLC reduced their price target on shares of Digimarc from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of Digimarc by 25.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,866 shares of the information technology services provider’s stock worth $91,000 after acquiring an additional 2,800 shares in the last quarter. Occudo Quantitative Strategies LP lifted its position in Digimarc by 18.4% in the 3rd quarter. Occudo Quantitative Strategies LP now owns 24,977 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 3,880 shares in the last quarter. Turim 21 Investimentos Ltda. boosted its stake in Digimarc by 4.1% in the 3rd quarter. Turim 21 Investimentos Ltda. now owns 98,475 shares of the information technology services provider’s stock worth $962,000 after purchasing an additional 3,922 shares during the period. Private Advisor Group LLC increased its holdings in Digimarc by 1.1% during the 3rd quarter. Private Advisor Group LLC now owns 466,358 shares of the information technology services provider’s stock worth $4,556,000 after purchasing an additional 4,890 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Digimarc by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 371,835 shares of the information technology services provider’s stock valued at $4,913,000 after purchasing an additional 5,191 shares during the period. Institutional investors and hedge funds own 66.85% of the company’s stock.

About Digimarc

Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.

The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.