Wall Street analysts expect that Digimarc (NASDAQ:DMRC) will post sales of $5.48 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Digimarc’s earnings, with the highest sales estimate coming in at $6.00 million and the lowest estimate coming in at $5.10 million. Digimarc posted sales of $6.09 million during the same quarter last year, which indicates a negative year over year growth rate of 10%. The firm is expected to issue its next earnings report after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Digimarc will report full year sales of $23.29 million for the current year, with estimates ranging from $22.92 million to $23.68 million. For the next fiscal year, analysts anticipate that the company will post sales of $30.23 million per share, with estimates ranging from $28.68 million to $31.78 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Digimarc.
Digimarc (NASDAQ:DMRC) last released its quarterly earnings data on Wednesday, February 21st. The information technology services provider reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.03). Digimarc had a negative net margin of 102.21% and a negative return on equity of 33.46%. The company had revenue of $4.90 million during the quarter, compared to analysts’ expectations of $5.26 million. During the same period last year, the business earned ($0.57) earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year.
In other news, CEO Bruce L. Davis sold 5,000 shares of Digimarc stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $30.53, for a total transaction of $152,650.00. Following the sale, the chief executive officer now directly owns 92,014 shares of the company’s stock, valued at $2,809,187.42. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Digimarc during the fourth quarter worth about $143,000. Wolverine Trading LLC purchased a new stake in shares of Digimarc during the fourth quarter worth about $338,000. Deutsche Bank AG increased its position in shares of Digimarc by 89.4% during the fourth quarter. Deutsche Bank AG now owns 22,891 shares of the information technology services provider’s stock worth $826,000 after acquiring an additional 10,803 shares during the last quarter. Pratt Collard Advisory Partners LLC purchased a new stake in shares of Digimarc during the fourth quarter worth about $5,016,000. Finally, Hood River Capital Management LLC increased its position in shares of Digimarc by 23.3% during the fourth quarter. Hood River Capital Management LLC now owns 253,004 shares of the information technology services provider’s stock worth $9,146,000 after acquiring an additional 47,774 shares during the last quarter. 56.78% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:DMRC opened at $27.55 on Wednesday. Digimarc has a 12 month low of $22.85 and a 12 month high of $41.75. The stock has a market capitalization of $312.84, a price-to-earnings ratio of -11.29 and a beta of -0.98.
Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company 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.
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