Digimarc Corp (DMRC) was Initiated by Craig Hallum to “Buy”. Craig Hallum advised their investors in a research report released on Jun 17, 2016.
On the company’s financial health, Digimarc Corp reported $-0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.59. The company had revenue of $5.58 million for the quarter, compared to analysts expectations of $5.20 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.52 EPS.
Digimarc Corp closed down -0.1 points or -0.33% at $30.4 with 23,541 shares getting traded on Wednesday. Post opening the session at $30.56, the shares hit an intraday low of $30.04 and an intraday high of $30.77 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 1, 2016, Bruce L Davis (Chairman and CEO) sold 5,000 shares at $27.68 per share price. According to the SEC, on Jul 29, 2015, Joel Meyer (EVP Intellectual Property) sold 5,000 shares at $41.27 per share price.
Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company has a computing platform that is intended to optimize the identification of consumer brand impressions facilitating modern mobile-centric shopping. The platform includes means to infuse persistent digital information Digimarc IDs perceptible only to computers and digital devices into various forms of media content including consumer products packaging. Digimarc IDs for packaging referred to as Digimarc Barcodes facilitate scanning of items at retail checkout as well as improved interaction with consumers. Its technology permits computers and digital devices to identify data from large amounts of media content. Its business partners under patent or technology licenses are delivering digital watermarking solutions to track and monitor the distribution of music images television and movies to consumers.