Digimarc (NASDAQ:DMRC – Get Free Report) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.
Other equities research analysts also recently issued research reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Digimarc in a research report on Monday, April 20th. Needham & Company LLC boosted their target price on Digimarc from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.00.
View Our Latest Research Report on Digimarc
Digimarc Price Performance
Digimarc (NASDAQ:DMRC – Get Free Report) last released its earnings results on Tuesday, May 12th. The information technology services provider reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.29. The company had revenue of $7.58 million during the quarter, compared to analysts’ expectations of $7.05 million. Digimarc had a negative net margin of 85.75% and a negative return on equity of 21.81%.
Hedge Funds Weigh In On Digimarc
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP grew its position in Digimarc by 179.6% during the first quarter. Quantinno Capital Management LP now owns 293,249 shares of the information technology services provider’s stock worth $1,440,000 after buying an additional 188,361 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Digimarc during the 1st quarter worth approximately $820,000. Millennium Management LLC grew its holdings in shares of Digimarc by 123.1% in the 4th quarter. Millennium Management LLC now owns 268,986 shares of the information technology services provider’s stock worth $1,765,000 after acquiring an additional 148,435 shares during the period. Jane Street Group LLC increased its stake in Digimarc by 915.0% in the 1st quarter. Jane Street Group LLC now owns 69,538 shares of the information technology services provider’s stock valued at $891,000 after purchasing an additional 62,687 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in Digimarc by 12.8% during the first quarter. Private Advisor Group LLC now owns 502,001 shares of the information technology services provider’s stock worth $2,465,000 after purchasing an additional 56,829 shares in the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.
Digimarc Company Profile
Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.
The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.
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