Digimarc Corporation (NASDAQ:DMRC) CEO Bruce L. Davis sold 9,444 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $35.78, for a total transaction of $337,906.32. Following the sale, the chief executive officer now owns 87,014 shares in the company, valued at $3,113,360.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Digimarc Corporation (NASDAQ DMRC) opened at $36.20 on Thursday. Digimarc Corporation has a 52 week low of $24.20 and a 52 week high of $41.75.
Digimarc (NASDAQ:DMRC) last issued its quarterly earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.30. Digimarc had a negative net margin of 90.69% and a negative return on equity of 30.98%. The firm had revenue of $8.68 million for the quarter, compared to analyst estimates of $5.72 million. During the same period in the previous year, the business earned ($0.55) EPS. The company’s revenue was up 55.6% compared to the same quarter last year. analysts expect that Digimarc Corporation will post -2.32 earnings per share for the current fiscal year.
DMRC has been the topic of a number of research analyst reports. Cowen restated a “buy” rating and set a $50.00 price objective on shares of Digimarc in a report on Sunday, September 17th. Zacks Investment Research lowered shares of Digimarc from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. B. Riley reiterated a “buy” rating and issued a $44.00 price target on shares of Digimarc in a research note on Friday, October 27th. Finally, BidaskClub lowered shares of Digimarc from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $45.33.
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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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