National Securities Corp analyst Ilya Grozovsky maintained a Buy rating on Digimarc Corp (DMRC) today and set a price target of $43. The company’s shares closed yesterday at $33.10, close to its 52-week high of $34.80.
According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 7.9% and a 57.3% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Digital Turbine Inc, and Mitek Systems Inc.
Digimarc Corp has an analyst consensus of Strong Buy, with a price target consensus of $40.33, which is a 21.8% upside from current levels. In a report released today, Craig-Hallum also upgraded the stock to Buy.
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Based on Digimarc Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $8.01 million. In comparison, last year the company had a GAAP net loss of $8.11 million.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, Bernard Whitney, a Director at DMRC sold 2,500 shares for a total of $74,075.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Digimarc Corp. engages in the provision of media identification and management solutions. It develops solutions, license intellectual property and provides development services.
