Shares of Digimarc Co. (NASDAQ:DMRC - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $29.17, but opened at $29.91. Digimarc shares last traded at $29.19, with a volume of 3,622 shares traded.
Wall Street Analysts Forecast Growth
Several research firms have commented on DMRC. StockNews.com raised shares of Digimarc to a "sell" rating in a research report on Tuesday, September 17th. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price objective on shares of Digimarc in a research report on Wednesday, August 14th.
Get Our Latest Report on DMRC
Digimarc Trading Up 1.4 %
The stock's 50-day moving average price is $27.81 and its two-hundred day moving average price is $27.51. The stock has a market capitalization of $632.43 million, a P/E ratio of -14.02 and a beta of 1.70.
Digimarc (NASDAQ:DMRC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.04. Digimarc had a negative return on equity of 41.60% and a negative net margin of 105.98%. The business had revenue of $10.38 million during the quarter.
Hedge Funds Weigh In On Digimarc
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. West Branch Capital LLC purchased a new stake in shares of Digimarc during the 2nd quarter valued at approximately $62,000. nVerses Capital LLC bought a new position in shares of Digimarc in the second quarter worth $62,000. SG Americas Securities LLC purchased a new position in shares of Digimarc in the third quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Digimarc during the 2nd quarter valued at $148,000. Finally, McCollum Christoferson Group LLC purchased a new stake in Digimarc during the 2nd quarter worth about $211,000. Institutional investors own 66.85% of the company's stock.
About Digimarc
(
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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.
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