Digimarc Corp Receives a Buy from Cowen & Co.

By Austin Angelo

In a report issued on September 14, Robert Stone from Cowen & Co. reiterated a Buy rating on Digimarc Corp (NASDAQ: DMRC), with a price target of $50. The company’s shares closed on Friday at $33.

According to TipRanks.com, Stone is a 3-star analyst with an average return of 2.8% and a 47.0% success rate. Stone covers the Consumer Goods sector, focusing on stocks such as Thin Film Electronics, Turtle Beach Corp, and Universal Display.

Digimarc Corp has an analyst consensus of Moderate Buy, with a price target consensus of $45.33.

Based on Digimarc Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.59 million and GAAP net loss of $6.94 million. In comparison, last year the company earned revenue of $5.46 million and had a GAAP net loss of $5.28 million.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.

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Digimarc Corp. engages in the provision of media identification and management solutions. It develops solutions, license intellectual property and provides development services.