Digimarc Corporation (DMRC) Expected to Post Quarterly Sales of $5.73 Million

Equities research analysts forecast that Digimarc Corporation (NASDAQ:DMRC) will announce sales of $5.73 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Digimarc Corporation’s earnings. The highest sales estimate is $5.94 million and the lowest is $5.47 million. Digimarc Corporation reported sales of $5.18 million in the same quarter last year, which suggests a positive year over year growth rate of 10.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Digimarc Corporation will report full year sales of $5.73 million for the current fiscal year, with estimates ranging from $22.76 million to $23.37 million. For the next financial year, analysts anticipate that the company will report sales of $27.48 million per share, with estimates ranging from $25.70 million to $30.53 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Digimarc Corporation.

Digimarc Corporation (NASDAQ:DMRC) last posted its quarterly earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.30. The business had revenue of $8.68 million during the quarter, compared to analysts’ expectations of $5.72 million. Digimarc Corporation had a negative net margin of 90.69% and a negative return on equity of 31.33%. The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the company posted ($0.55) earnings per share.

Several research analysts have recently weighed in on the stock. Craig Hallum downgraded shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Zacks Investment Research raised shares of Digimarc Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Cowen and Company set a $50.00 target price on shares of Digimarc Corporation and gave the stock a “buy” rating in a research report on Tuesday. B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of Digimarc Corporation in a research report on Friday. Finally, BidaskClub downgraded shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $45.75.

Digimarc Corporation (NASDAQ:DMRC) traded up 7.46% during mid-day trading on Wednesday, hitting $35.30. 168,581 shares of the company traded hands. The company’s 50-day moving average price is $34.57 and its 200 day moving average price is $32.58. The company’s market capitalization is $380.18 million. Digimarc Corporation has a one year low of $24.20 and a one year high of $41.75.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. grew its position in Digimarc Corporation by 3.4% during the third quarter. Baillie Gifford & Co. now owns 261,462 shares of the information technology services provider’s stock valued at $9,570,000 after purchasing an additional 8,564 shares in the last quarter. Kimelman & Baird LLC grew its position in Digimarc Corporation by 1.1% during the second quarter. Kimelman & Baird LLC now owns 291,958 shares of the information technology services provider’s stock valued at $11,722,000 after purchasing an additional 3,180 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Digimarc Corporation by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock valued at $334,000 after purchasing an additional 540 shares in the last quarter. State Street Corp grew its position in Digimarc Corporation by 4.7% during the second quarter. State Street Corp now owns 167,370 shares of the information technology services provider’s stock valued at $6,718,000 after purchasing an additional 7,581 shares in the last quarter. Finally, Lagoda Investment Management L.P. grew its position in Digimarc Corporation by 9.5% during the second quarter. Lagoda Investment Management L.P. now owns 666,546 shares of the information technology services provider’s stock valued at $26,762,000 after purchasing an additional 58,053 shares in the last quarter. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

Digimarc Corporation 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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Earnings History and Estimates for Digimarc Corporation (NASDAQ:DMRC)

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