November 28, 2016 - By Clifton Ray
An insider Joel Meyer who is EVP Intellectual Property of Digimarc Corp sold 1,000 shares of the company having an approx. value of $32,200 U.S. Dollars based on an average price of $32.2 of a share. Joel Meyer presently has ownership of 52,260 shares or 0.51% of Digimarc Corp’s market cap. The sale was dated November 28, 2016 and was made public in a Form 4 filed with the (SEC). The Form 4 is obtainable for free here.
Out of 4 analysts covering Digimarc (NASDAQ:DMRC), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $53 is the highest target while $40 is the lowest. The $47 average target is 47.57% above today’s ($31.85) stock price. Digimarc has been the topic of 5 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Craig Hallum initiated Digimarc Corp (NASDAQ:DMRC) rating on Friday, June 17. Craig Hallum has “Buy” rating and $48 price target. The firm has “Buy” rating given on Thursday, November 3 by Needham. The rating was maintained by Imperial Capital on Friday, July 24 with “Outperform”. The rating was initiated by Needham with “Buy” on Friday, September 9.
Insitutional Activity: The institutional sentiment increased to 4.2 in 2016 Q2. Its up 2.37, from 1.83 in 2016Q1. The ratio increased, as 6 funds sold all Digimarc Corp shares owned while 12 reduced positions. 6 funds bought stakes while 27 increased positions. They now own 4.77 million shares or 2.41% more from 4.66 million shares in 2016Q1.
Qci Asset Inc, a New York-based fund reported 16,500 shares. Moreover, Rhumbline Advisers has 0% invested in Digimarc Corp (NASDAQ:DMRC) for 9,650 shares. Moreover, Bragg Incorporated has 0.13% invested in Digimarc Corp (NASDAQ:DMRC) for 23,238 shares. Schwab Charles Invest Management holds 17,142 shares or 0% of its portfolio. Lagoda Mngmt Limited Partnership, a New York-based fund reported 602,450 shares. Marathon Capital has 37,480 shares for 0.61% of their US portfolio. Teachers Advsrs has invested 0% of its portfolio in Digimarc Corp (NASDAQ:DMRC). Clearbridge Investments Ltd Liability Corporation has invested 0% of its portfolio in Digimarc Corp (NASDAQ:DMRC). Metropolitan Life Insur reported 5,852 shares or 0% of all its holdings. California Public Employees Retirement Sys accumulated 15,600 shares or 0% of the stock. Granahan Mngmt Ma holds 0.22% of its portfolio in Digimarc Corp (NASDAQ:DMRC) for 187,197 shares. Janney Montgomery Scott Lc holds 0.03% of its portfolio in Digimarc Corp (NASDAQ:DMRC) for 44,975 shares. Lenox Wealth Mngmt Incorporated, a Ohio-based fund reported 100 shares. Baillie Gifford holds 0.01% or 174,500 shares in its portfolio. Blackrock accumulated 0% or 613 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 5 insider sales for $858,850 net activity. DAVIS BRUCE L sold $157,000 worth of Digimarc Corp (NASDAQ:DMRC) on Friday, July 1.
The stock increased 1.43% or $0.45 during the last trading session, hitting $31.85. About 50,067 shares traded hands. Digimarc Corp (NASDAQ:DMRC) has risen 10.41% since April 25, 2016 and is uptrending. It has outperformed by 4.39% the S&P500.
Digimarc Corporation enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The company has a market cap of $324.80 million. The Company’s Digimarc Discover and Digimarc Barcode Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping. It currently has negative earnings. The Firm operates through media management solutions segment.
According to Zacks Investment Research, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market.”
Analysts await Digimarc Corp (NASDAQ:DMRC) to report earnings on February, 22. They expect $-0.62 earnings per share, 0.00% or $0.00 from last year’s $-0.62 per share. After $-0.55 actual earnings per share reported by Digimarc Corp for the previous quarter, Wall Street now forecasts 12.73% negative EPS growth.
More news for Digimarc Corp (NASDAQ:DMRC) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on October 20, 2010. Quotes.Wsj.com‘s article titled: “Digimarc Corp. DMRC (US: Nasdaq)” and published on February 11, 2011 is yet another important article.
Digimarc Corporation (Digimarc), incorporated on April 29, 2010, enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover and Digimarc Barcode Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping. The Firm operates through media management solutions segment. The Company’s platform includes means to embed Digimarc Barcodes, invisible and inaudible barcode-like information that is recognizable by smartphones, industrial scanners, and other computer interfaces into various forms of media content, including consumer product packaging. The Company’s Digimarc Barcodes have various applications, including facilitating scanning of products at retail checkout, as well as improved engagement with smartphone-equipped consumers. The Digimarc Barcode allows automatic identification of media without visible computer codes, such as traditional barcodes.
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By Clifton Ray