Northland Capital Markets Starts Digimarc (DMRC) at Outperform

September 12, 2019 6:49 AM EDT
Get Alerts DMRC Hot Sheet
Price: $32.84 -3.53%

Rating Summary:
    4 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 42
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Northland Capital Markets analyst Gus Richard initiates coverage on Digimarc (NASDAQ: DMRC) with an Outperform rating and a price target of $55.00.

The analyst commented, "DMRC’s digital watermark technology encodes information in digital media and print at the pixel level to reliably and efficiently identifying digital content and physical objects. DMRC's technology has been used for authentication, fraud detection, and security. DMRC has a large intellectual property portfolio with over 800 patents. DMRC is currently targeting consumer package goods and retail companies and targeting an estimated $100M to $200M revenue opportunity. Initiate with OP and $55 PT."

For an analyst ratings summary and ratings history on Digimarc click here. For more ratings news on Digimarc click here.

Shares of Digimarc closed at $41.02 yesterday.

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