Digimarc (DMRC) Expected to Announce Earnings on Wednesday

Digimarc (NASDAQ:DMRC - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Digimarc to post earnings of ($0.29) per share and revenue of $9.31 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Digimarc Stock Performance

Shares of DMRC stock traded down $1.46 on Friday, reaching $27.46. 205,050 shares of the company's stock traded hands, compared to its average volume of 173,766. The company has a market capitalization of $588.19 million, a P/E ratio of -14.08 and a beta of 1.66. Digimarc has a 12-month low of $21.00 and a 12-month high of $48.32. The business's 50 day moving average price is $38.25 and its two-hundred day moving average price is $32.84.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 target price on shares of Digimarc in a research note on Friday, November 15th.

About Digimarc

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.