Digimarc Corp (DMRC) EVP Joel Meyer Sells 2,000 Shares

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Digimarc Corp (NASDAQ:DMRC) EVP Joel Meyer sold 2,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $57.38, for a total transaction of $114,760.00. Following the transaction, the executive vice president now owns 74,479 shares in the company, valued at approximately $4,273,605.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

DMRC opened at $60.05 on Thursday. Digimarc Corp has a fifty-two week low of $14.03 and a fifty-two week high of $62.10. The stock has a market capitalization of $667.40 million, a P/E ratio of -21.00 and a beta of 1.15.

Digimarc (NASDAQ:DMRC) last posted its earnings results on Wednesday, May 1st. The information technology services provider reported ($0.74) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.72) by ($0.02). Digimarc had a negative return on equity of 55.04% and a negative net margin of 154.70%. The business had revenue of $5.66 million during the quarter, compared to analyst estimates of $5.48 million. Analysts expect that Digimarc Corp will post -3.01 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of DMRC. BNP Paribas Arbitrage SA raised its holdings in shares of Digimarc by 58,800.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,356 shares of the information technology services provider’s stock worth $74,000 after acquiring an additional 2,352 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Digimarc in the 1st quarter worth about $161,000. HighTower Advisors LLC acquired a new stake in shares of Digimarc in the 1st quarter worth about $203,000. Rhumbline Advisers raised its holdings in shares of Digimarc by 45.9% in the 4th quarter. Rhumbline Advisers now owns 15,042 shares of the information technology services provider’s stock worth $218,000 after acquiring an additional 4,732 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of Digimarc in the 4th quarter worth about $223,000. Institutional investors own 58.18% of the company’s stock.

Several equities analysts have recently weighed in on the stock. National Securities lowered shares of Digimarc from a “buy” rating to a “neutral” rating in a report on Monday, May 6th. Craig Hallum upgraded shares of Digimarc from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Thursday, May 2nd. Zacks Investment Research lowered shares of Digimarc from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub upgraded shares of Digimarc from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective (up previously from $32.00) on shares of Digimarc in a report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $38.25.

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Digimarc Company Profile

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It 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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