Digimarc (NASDAQ:DMRC – Get Rating) is set to issue its quarterly earnings data after the market closes on Thursday, May 12th. Persons that wish to register for the company’s earnings conference call can do so using this link.
Digimarc (NASDAQ:DMRC – Get Rating) last issued its quarterly earnings data on Wednesday, March 2nd. The information technology services provider reported ($0.50) EPS for the quarter. The business had revenue of $7.13 million during the quarter. Digimarc had a negative net margin of 131.07% and a negative return on equity of 48.11%.
Shares of DMRC stock opened at $27.37 on Thursday. Digimarc has a 1-year low of $21.50 and a 1-year high of $53.74. The company has a market cap of $484.09 million, a price-to-earnings ratio of -12.97 and a beta of 1.24. The stock has a 50 day simple moving average of $26.36 and a 200-day simple moving average of $35.27.
In other news, CEO Riley Mccormack purchased 20,000 shares of the stock in a transaction dated Tuesday, March 8th. The shares were purchased at an average cost of $23.99 per share, with a total value of $479,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alicia Syrett acquired 2,500 shares of Digimarc stock in a transaction that occurred on Tuesday, March 8th. The stock was purchased at an average cost of $22.53 per share, with a total value of $56,325.00. The disclosure for this purchase can be found here. 23.33% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Digimarc by 0.5% during the 4th quarter. BlackRock Inc. now owns 826,997 shares of the information technology services provider’s stock valued at $32,650,000 after acquiring an additional 3,852 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Digimarc by 19.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 370,030 shares of the information technology services provider’s stock valued at $14,609,000 after purchasing an additional 59,218 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Digimarc by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 231,131 shares of the information technology services provider’s stock valued at $9,125,000 after purchasing an additional 587 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Digimarc by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 209,952 shares of the information technology services provider’s stock valued at $7,231,000 after purchasing an additional 8,022 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Digimarc by 19.2% during the fourth quarter. Bank of America Corp DE now owns 22,934 shares of the information technology services provider’s stock worth $906,000 after buying an additional 3,688 shares in the last quarter. 57.95% of the stock is currently owned by hedge funds and other institutional investors.
Digimarc Company Profile (Get Rating)
Digimarc Corporation provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc watermarks, a data carrier that provides a digital identity to media objects; Digimarc Discover, a software for computing devices and network interfaces that recognize and decode indicia of the identity of media; and Digimarc Verify, a suite of software tools used to inspect and verify that the identification and discovery of media.
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