Digimarc Corp (NASDAQ:DMRC) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.33.
Several research firms recently issued reports on DMRC. BidaskClub upgraded Digimarc from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Cowen set a $50.00 price target on Digimarc and gave the stock a “buy” rating in a research report on Tuesday, October 24th. B. Riley restated a “buy” rating and set a $44.00 price target on shares of Digimarc in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered Digimarc from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd.
In other Digimarc news, CEO Bruce L. Davis sold 9,444 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $35.78, for a total value of $337,906.32. Following the completion of the sale, the chief executive officer now owns 87,014 shares in the company, valued at approximately $3,113,360.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Bruce L. Davis sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $30.53, for a total value of $152,650.00. Following the completion of the sale, the chief executive officer now owns 92,014 shares of the company’s stock, valued at approximately $2,809,187.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,444 shares of company stock worth $1,036,556. 7.50% of the stock is owned by corporate insiders.
Digimarc (NASDAQ DMRC) opened at $28.75 on Friday. Digimarc has a 1 year low of $24.20 and a 1 year high of $41.75. The stock has a market capitalization of $324.01, a P/E ratio of -12.78 and a beta of -1.35.
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Digimarc Company Profile
Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.
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