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 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.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Week Herald and is the sole property of of Week Herald. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://weekherald.com/2019/05/16/digimarc-corp-dmrc-evp-joel-meyer-sells-2000-shares.html.
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.
Featured Story: Cost of Equity
Receive News & Ratings for Digimarc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc and related companies with MarketBeat.com's FREE daily email newsletter.