Digimarc Co. (NASDAQ:DMRC - Get Free Report) shares rose 4.9% during mid-day trading on Monday . The stock traded as high as $31.47 and last traded at $31.47. Approximately 66,700 shares traded hands during trading, a decline of 45% from the average daily volume of 121,874 shares. The stock had previously closed at $30.00.
Wall Street Analysts Forecast Growth
DMRC has been the subject of several analyst reports. StockNews.com raised shares of Digimarc to a "sell" rating in a report on Tuesday, September 17th. Needham & Company LLC reissued a "buy" rating and set a $40.00 price target on shares of Digimarc in a report on Wednesday, August 14th.
View Our Latest Research Report on DMRC
Digimarc Stock Up 6.9 %
The business's 50 day moving average is $27.91 and its two-hundred day moving average is $27.62. The firm has a market capitalization of $685.65 million, a P/E ratio of -15.42 and a beta of 1.70.
Digimarc (NASDAQ:DMRC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.04. Digimarc had a negative net margin of 105.98% and a negative return on equity of 41.60%. The business had revenue of $10.38 million for the quarter.
Institutional Investors Weigh In On Digimarc
Hedge funds and other institutional investors have recently bought and sold shares of the business. West Branch Capital LLC bought a new stake in Digimarc in the second quarter worth about $62,000. nVerses Capital LLC bought a new stake in Digimarc in the second quarter worth about $62,000. SG Americas Securities LLC bought a new stake in Digimarc in the third quarter worth about $106,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Digimarc in the second quarter worth about $148,000. Finally, McCollum Christoferson Group LLC bought a new stake in Digimarc in the second quarter worth about $211,000. 66.85% of the stock is currently owned by institutional investors.
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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