Digimarc (DMRC) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Marco Green
February 23, 2018

The company had revenue of $4.90 million during the quarter, compared to the consensus estimate of $5.26 million. It was reported on Feb, 22 by Barchart.com. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. WPP Group PLC had 301 analyst reports since July 27, 2015 according to SRatingsIntel. (NASDAQ:CTXS) has "Buy" rating given on Wednesday, July 27 by Citigroup. Mizuho maintained the stock with "Buy" rating in Monday, October 16 report. Craig Hallum initiated the stock with "Buy" rating in Friday, June 17 report. The firm earned "Buy" rating on Monday, March 6 by HSBC. The firm earned "Buy" rating on Thursday, September 14 by Cowen & Co. The company was maintained on Friday, July 7 by Barclays Capital. (NASDAQ:CTXS) rating on Wednesday, July 27.

Riley Reiterated Rating of Buy. See Citrix Systems, Inc.

According to Zacks, "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 has a market capitalization of $309.44, a P/E ratio of -11.80 and a beta of -1.35. The Company's Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are created to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping. It now has negative earnings. As a group, "Application Software" companies have a potential upside of 3.58%. The company realigned its sales and marketing efforts in 2017, increasing headcount from 180 at the end of 2016 to 207 as it works to build a controlled rollout of Barcode to key accounts, including Walmart (WMT), two other Top 10 retailers, and a handful of CPGs. About 10,047 shares traded. Insiders have sold 29,444 shares of company stock valued at $1,036,556 in the last quarter. Tower Cap Lc (Trc) reported 0% in Digimarc Corporation (NASDAQ:DMRC). The stock decreased 3.17% or $1 during the last trading session, reaching $30.55. Manufacturers Life Communications The stated it has 8,183 shares or 0% of all its holdings. The SI to Digimarc Corporation's float is 13.62%. Primecap Management Ca reported 0.01% in Digimarc Corporation (NASDAQ:DMRC).

Bulldog Investors Llc holds 2.17% of its portfolio in Delaware Enhanced Global Dividend and Income Fund for 631,553 shares.

This table compares Digimarc Corporation and its peers gross revenue, earnings per share and valuation.

Digimarc shares have declined 16 percent since the beginning of the year. BidaskClub raised Digimarc from a "sell" rating to a "hold" rating in a report on Wednesday, January 10th. Therefore 83% are positive. Digimarc has a 12 month low of $24.20 and a 12 month high of $41.75. $45.83's average target is 70.69% above currents $26.85 stock price. Cowen & Co maintained the shares of DMRC in report on Thursday, July 27 with "Buy" rating. Needham maintained it with "Buy" rating and $33 target in Thursday, February 23 report. Imperial Capital maintained it with "Outperform" rating and $47 target in Friday, July 24 report. The rating was maintained by Needham on Monday, June 19 with "Buy". The rating was maintained by Goldman Sachs on Thursday, August 25 with "Buy". The rating was maintained by Needham with "Buy" on Thursday, November 3. Morgan Stanley invested in 0% or 129,045 shares. Its the same as in 2017Q2. It is positive, as 6 investors sold Digimarc Corporation shares while 10 reduced holdings. Glg Ltd Liability Corp has 0.04% invested in Citrix Systems, Inc. Its down 1.34% from 1.29M shares previously. Polar Asset Mgmt Partners invested in 371,165 shares or 0.27% of the stock. Amer Research And Mngmt holds 600 shares. Deutsche Bank AG raised its holdings in Digimarc by 89.4% during the fourth quarter. Garelick Capital Partners LP now owns 332,863 shares of the information technology services provider's stock worth $12,033,000 after purchasing an additional 58,392 shares in the last quarter.

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