Digimarc Corp (NASDAQ:DMRC) EVP Joel Meyer sold 1,000 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $32.20, for a total transaction of $32,200.00. Following the completion of the sale, the executive vice president now directly owns 52,260 shares in the company, valued at approximately $1,682,772. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Digimarc Corp (NASDAQ:DMRC) traded up 1.43% during mid-day trading on Monday, reaching $31.85. 50,067 shares of the company’s stock traded hands. The stock’s market cap is $321.14 million. The firm has a 50 day moving average price of $31.75 and a 200-day moving average price of $32.91. Digimarc Corp has a 12 month low of $25.04 and a 12 month high of $44.94.
Digimarc Corp (NASDAQ:DMRC) last posted its earnings results 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 company earned $5.60 million during the quarter, compared to analysts’ expectations of $5.61 million. Digimarc Corp had a negative net margin of 98.10% and a negative return on equity of 38.75%. Digimarc Corp’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.54) EPS. On average, analysts predict that Digimarc Corp will post ($2.38) earnings per share for the current fiscal year.
DMRC has been the topic of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of Digimarc Corp in a research note on Saturday, November 5th. Needham & Company LLC lowered their target price on shares of Digimarc Corp from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Imperial Capital set a $47.00 target price on shares of Digimarc Corp and gave the company a “buy” rating in a research note on Monday, November 21st. Finally, Zacks Investment Research raised shares of Digimarc Corp from a “sell” rating to a “hold” rating in a research note on Monday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.60.
Several hedge funds have recently bought and sold shares of the company. Lagoda Investment Management L.P. bought a new stake in Digimarc Corp during the third quarter worth about $25,000,000. The Manufacturers Life Insurance Company bought a new stake in Digimarc Corp during the third quarter worth about $241,000. AWM Investment Company Inc. bought a new stake in Digimarc Corp during the third quarter worth about $3,068,000. United Services Automobile Association boosted its stake in Digimarc Corp by 113.0% in the third quarter. United Services Automobile Association now owns 42,370 shares of the company’s stock worth $1,625,000 after buying an additional 22,475 shares in the last quarter. Finally, Marathon Capital Management boosted its stake in Digimarc Corp by 33.7% in the third quarter. Marathon Capital Management now owns 50,105 shares of the company’s stock worth $1,922,000 after buying an additional 12,625 shares in the last quarter. Institutional investors own 56.50% of the company’s stock.
Digimarc Corp Company Profile