BidaskClub upgraded shares of Digimarc (NASDAQ:DMRC) from a sell rating to a hold rating in a research report released on Wednesday, January 10th.
DMRC has been the subject of a number of other research reports. Zacks Investment Research cut shares of Digimarc from a hold rating to a sell rating in a research note on Tuesday, January 2nd. B. Riley reiterated a buy rating and issued a $44.00 price objective on shares of Digimarc in a research note on Tuesday, November 14th. Finally, Cowen reissued a buy rating and issued a $50.00 target price on shares of Digimarc in a report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $45.33.
Digimarc (NASDAQ:DMRC) opened at $28.80 on Wednesday. The firm has a market cap of $334.78, a price-to-earnings ratio of -12.80 and a beta of -1.35. Digimarc has a 12-month low of $24.20 and a 12-month high of $41.75.
In other news, CEO Bruce L. Davis sold 5,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $30.53, for a total value of $152,650.00. Following the completion of the sale, the chief executive officer now owns 92,014 shares in the company, valued at approximately $2,809,187.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Bruce L. Davis sold 9,444 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $35.78, for a total transaction of $337,906.32. Following the transaction, the chief executive officer now owns 87,014 shares of the company’s stock, valued at approximately $3,113,360.92. The disclosure for this sale can be found here. Insiders have sold a total of 29,444 shares of company stock worth $1,036,556 over the last three months. Insiders own 7.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Senvest Management LLC lifted its holdings in shares of Digimarc by 1.5% in the second quarter. Senvest Management LLC now owns 1,004,234 shares of the information technology services provider’s stock worth $40,320,000 after buying an additional 15,152 shares in the last quarter. FMR LLC purchased a new stake in Digimarc in the second quarter valued at approximately $6,413,000. Janney Montgomery Scott LLC raised its stake in Digimarc by 4.3% in the third quarter. Janney Montgomery Scott LLC now owns 80,222 shares of the information technology services provider’s stock valued at $2,936,000 after purchasing an additional 3,289 shares in the last quarter. Baillie Gifford & Co. raised its stake in Digimarc by 3.4% in the third quarter. Baillie Gifford & Co. now owns 261,462 shares of the information technology services provider’s stock valued at $9,570,000 after purchasing an additional 8,564 shares in the last quarter. Finally, Suffolk Capital Management LLC purchased a new stake in Digimarc in the third quarter valued at approximately $1,336,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.
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Digimarc Company Profile
Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.
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