Digimarc (NASDAQ:DMRC) Rating Increased to Sell at StockNews.com

Digimarc (NASDAQ:DMRC) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a report issued on Tuesday.

Separately, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Digimarc in a research report on Wednesday, August 14th.

Digimarc Price Performance

Shares of DMRC opened at $27.91 on Tuesday. Digimarc has a one year low of $21.00 and a one year high of $43.43. The company has a market cap of $596.52 million, a P/E ratio of -13.42 and a beta of 1.70. The firm has a 50 day simple moving average of $29.66 and a two-hundred day simple moving average of $27.70.

Digimarc (NASDAQ:DMRC) last issued its earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.04. The firm had revenue of $10.38 million for the quarter. Digimarc had a negative net margin of 105.98% and a negative return on equity of 41.60%.

Hedge Funds Weigh In On Digimarc

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in Digimarc by 23.5% during the 4th quarter. BNP Paribas Financial Markets now owns 11,563 shares of the information technology services provider’s stock worth $418,000 after purchasing an additional 2,201 shares during the last quarter. Prelude Capital Management LLC lifted its stake in shares of Digimarc by 16.6% in the fourth quarter. Prelude Capital Management LLC now owns 158,477 shares of the information technology services provider’s stock worth $5,724,000 after acquiring an additional 22,620 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Digimarc by 1,834.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock valued at $19,793,000 after acquiring an additional 519,643 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its position in Digimarc by 0.7% during 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 purchasing an additional 3,079 shares during the period. Finally, Private Advisor Group LLC raised its holdings in Digimarc by 2.7% during 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 purchasing an additional 8,875 shares during the last quarter. Institutional investors and hedge funds own 66.85% of the company’s stock.

Digimarc Company Profile

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.