Imperial Capital set a $47.00 price objective on Digimarc Corp. (NASDAQ:DMRC) in a research report released on Monday. The firm currently has a buy rating on the stock.
A number of other equities analysts also recently issued reports on DMRC. B. Riley reiterated a buy rating and issued a $44.00 price objective on shares of Digimarc Corp. in a report on Monday, October 31st. Zacks Investment Research upgraded Digimarc Corp. from a sell rating to a hold rating in a report on Friday, July 29th. Finally, Needham & Company LLC decreased their price objective on Digimarc Corp. from $46.00 to $40.00 and set a buy rating for the company in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $42.60.
Shares of Digimarc Corp. (NASDAQ:DMRC) opened at 32.40 on Monday. The company has a 50-day moving average price of $31.97 and a 200-day moving average price of $32.89. The company’s market capitalization is $326.69 million. Digimarc Corp. has a 52 week low of $25.04 and a 52 week high of $44.94.
Digimarc Corp. (NASDAQ:DMRC) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.55) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.03. The business earned $5.60 million during the quarter, compared to the consensus estimate of $5.61 million. Digimarc Corp. had a negative return on equity of 38.75% and a negative net margin of 98.10%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.54) earnings per share. Analysts predict that Digimarc Corp. will post ($2.38) earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in Digimarc Corp. by 27.8% in the third quarter. Wells Fargo & Company MN now owns 3,250 shares of the company’s stock valued at $124,000 after buying an additional 706 shares during the period. American International Group Inc. boosted its stake in Digimarc Corp. by 7.4% in the second quarter. American International Group Inc. now owns 4,813 shares of the company’s stock valued at $154,000 after buying an additional 333 shares during the period. Nationwide Fund Advisors boosted its stake in Digimarc Corp. by 5.1% in the second quarter. Nationwide Fund Advisors now owns 5,343 shares of the company’s stock valued at $171,000 after buying an additional 261 shares during the period. BlackRock Advisors LLC boosted its stake in Digimarc Corp. by 43.6% in the third quarter. BlackRock Advisors LLC now owns 5,685 shares of the company’s stock valued at $218,000 after buying an additional 1,727 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in Digimarc Corp. during the third quarter valued at approximately $241,000. 49.73% of the stock is currently owned by institutional investors.
About Digimarc Corp.