Digimarc (NASDAQ:DMRC) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Digimarc (NASDAQ:DMRC) in a research note released on Monday, Benzinga reports.

Separately, Craig Hallum decreased their target price on Digimarc from $35.00 to $28.00 and set a hold rating for the company in a research report on Friday, May 3rd.

Digimarc Stock Down 2.1 %

Shares of Digimarc stock opened at $22.50 on Monday. The stock’s fifty day moving average is $26.04 and its 200-day moving average is $31.58. The firm has a market capitalization of $480.89 million, a PE ratio of -10.82 and a beta of 1.18. Digimarc has a 12-month low of $19.39 and a 12-month high of $43.43.

Digimarc (NASDAQ:DMRC) last issued its quarterly earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) EPS for the quarter. Digimarc had a negative net margin of 114.38% and a negative return on equity of 48.42%. The firm had revenue of $9.28 million during the quarter.

Insider Transactions at Digimarc

In related news, EVP Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $26.91, for a total transaction of $53,820.00. Following the transaction, the executive vice president now directly owns 41,259 shares of the company’s stock, valued at $1,110,279.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $26.91, for a total value of $53,820.00. Following the completion of the sale, the executive vice president now owns 41,259 shares of the company’s stock, valued at approximately $1,110,279.69. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Milena Alberti-Perez sold 4,900 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $30.84, for a total value of $151,116.00. Following the completion of the transaction, the director now owns 14,487 shares in the company, valued at approximately $446,779.08. The disclosure for this sale can be found here. 19.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Digimarc

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Digimarc by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,121,044 shares of the information technology services provider’s stock valued at $36,423,000 after acquiring an additional 25,679 shares during the last quarter. Lagoda Investment Management L.P. lifted its stake in shares of Digimarc by 2.1% in the third quarter. Lagoda Investment Management L.P. now owns 662,450 shares of the information technology services provider’s stock worth $21,523,000 after buying an additional 13,330 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Digimarc by 1,834.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock worth $19,793,000 after buying an additional 519,643 shares during the period. Silverberg Bernstein Capital Management LLC grew its stake in Digimarc by 0.7% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 433,053 shares of the information technology services provider’s stock valued at $11,770,000 after buying an additional 3,079 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Digimarc by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 337,024 shares of the information technology services provider’s stock worth $9,160,000 after acquiring an additional 8,875 shares during the period. 66.85% of the stock is currently owned by institutional investors.

About Digimarc

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.