Digimarc (NASDAQ: DMRC) recently received a number of ratings updates from brokerages and research firms:

  • 6/11/2019 – Digimarc was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/5/2019 – Digimarc was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market. “
  • 5/30/2019 – Digimarc was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $57.50 price target on the stock, up previously from $44.00.
  • 5/30/2019 – Digimarc was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market. “
  • 5/30/2019 – Digimarc was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 5/24/2019 – Digimarc had its price target raised by analysts at Craig Hallum from $42.00 to $75.00. They now have a “buy” rating on the stock.
  • 5/13/2019 – Digimarc was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market. “
  • 5/6/2019 – Digimarc was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market. “
  • 5/6/2019 – Digimarc was downgraded by analysts at National Securities from a “buy” rating to a “neutral” rating.
  • 5/2/2019 – Digimarc was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $42.00 price target on the stock.
  • 4/24/2019 – Digimarc was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market. “

DMRC stock traded up $0.74 during mid-day trading on Wednesday, reaching $51.72. The company had a trading volume of 44,239 shares, compared to its average volume of 147,586. The firm has a market capitalization of $618.29 million, a P/E ratio of -18.08 and a beta of 0.25. Digimarc Corp has a fifty-two week low of $14.03 and a fifty-two week high of $66.50.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.02). The company had revenue of $5.66 million during the quarter, compared to analyst estimates of $5.48 million. Digimarc had a negative net margin of 154.70% and a negative return on equity of 55.04%. On average, equities analysts anticipate that Digimarc Corp will post -3.01 earnings per share for the current fiscal year.

In other Digimarc news, Director Andrew Walter sold 2,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $50.26, for a total value of $100,520.00. Following the sale, the director now owns 14,110 shares of the company’s stock, valued at approximately $709,168.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tony Rodriguez sold 1,398 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $63.02, for a total value of $88,101.96. Following the completion of the sale, the executive vice president now directly owns 53,890 shares in the company, valued at approximately $3,396,147.80. The disclosure for this sale can be found here. Insiders sold a total of 49,113 shares of company stock worth $2,323,407 in the last ninety days. 6.38% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Digimarc by 58,800.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,356 shares of the information technology services provider’s stock valued at $74,000 after acquiring an additional 2,352 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new position in shares of Digimarc in the 1st quarter valued at about $116,000. MetLife Investment Advisors LLC purchased a new position in shares of Digimarc in the 1st quarter valued at about $161,000. HighTower Advisors LLC purchased a new position in shares of Digimarc in the 1st quarter valued at about $203,000. Finally, Rhumbline Advisers increased its holdings in shares of Digimarc by 45.9% in the 4th quarter. Rhumbline Advisers now owns 15,042 shares of the information technology services provider’s stock valued at $218,000 after acquiring an additional 4,732 shares during the last quarter. 60.14% of the stock is currently owned by institutional investors.

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

Featured Article: Should you buy a closed-end mutual fund?

Receive News & Ratings for Digimarc Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc Corp and related companies with MarketBeat.com's FREE daily email newsletter.