In a report released today, Jeff Van Rhee from Craig-Hallum maintained a Hold rating on Digimarc (DMRC – Research Report). The company’s shares closed yesterday at $27.40.
Van Rhee covers the Technology sector, focusing on stocks such as Liveperson, Cellebrite DI, and Asure. According to TipRanks, Van Rhee has an average return of 13.2% and a 50.63% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Digimarc with a $40.00 average price target.
Based on Digimarc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.38 million and a GAAP net loss of $9.27 million. In comparison, last year the company earned a revenue of $8.73 million and had a GAAP net loss of $10.62 million
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DMRC in relation to earlier this year. Most recently, in June 2024, Thomas Benton, the EVP, Chief Revenue Officer of DMRC sold 1,057.00 shares for a total of $27,207.18.
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Digimarc (DMRC) Company Description:
Digimarc Corp. engages in the provision of media identification and management solutions. It develops solutions, license intellectual property and provides development services. It also connects print, audio and packaging to brand-defined online content; protects, identifies, and tracks digital files; and confirms content and objects are genuine, unaltered, and from an authorized source. Its products include Digimarc Discover and Digimarc Barcode. The company was founded on June 18, 2008 and is headquartered in Beaverton, OR.
