Press coverage about Digimarc (NASDAQ:DMRC) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Digimarc earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the information technology services provider an impact score of 47.2465309165422 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Digimarc (DMRC) Lowered to “Sell” at ValuEngine (americanbankingnews.com)
- Reviewing Digimarc (DMRC) and CSRA (CSRA) (americanbankingnews.com)
- Digimarc (DMRC) EVP Sells $193,929.78 in Stock (americanbankingnews.com)
- Digimarc Announces Support for SmartLabel® (prnewswire.com)
- Howland Capital Management Has Cut Its 3M Co (MMM) Stake; Digimarc (DMRC) Sellers Decreased By 7.55% Their Shorts (ontariocanews.com)
DMRC has been the subject of a number of recent analyst reports. BidaskClub lowered Digimarc from a “sell” rating to a “strong sell” rating in a report on Friday, March 23rd. National Securities set a $43.00 price objective on Digimarc and gave the stock a “buy” rating in a report on Thursday, February 22nd. ValuEngine lowered Digimarc from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Needham & Company LLC cut their price objective on Digimarc from $42.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Finally, Zacks Investment Research lowered Digimarc from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.00.
Digimarc (NASDAQ:DMRC) last announced its earnings results on Wednesday, April 25th. The information technology services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of ($0.81) by $1.53. The company had revenue of $5.61 million during the quarter, compared to the consensus estimate of $5.48 million. Digimarc had a negative return on equity of 35.03% and a negative net margin of 111.85%. research analysts predict that Digimarc will post -3.13 EPS for the current fiscal year.
In related news, CEO Bruce L. Davis sold 14,500 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $27.95, for a total value of $405,275.00. Following the sale, the chief executive officer now directly owns 99,096 shares of the company’s stock, valued at $2,769,733.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Joel Meyer sold 6,729 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $28.82, for a total value of $193,929.78. Following the completion of the sale, the executive vice president now directly owns 72,563 shares in the company, valued at $2,091,265.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,729 shares of company stock valued at $612,715. 7.50% of the stock is owned by corporate insiders.
Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.
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