Digimarc Corp (DMRC) Receives Consensus Recommendation of “Hold” from Brokerages

Digimarc Corp (NASDAQ:DMRC) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.33.

Several research firms recently issued reports on DMRC. BidaskClub upgraded Digimarc from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Cowen set a $50.00 price target on Digimarc and gave the stock a “buy” rating in a research report on Tuesday, October 24th. B. Riley restated a “buy” rating and set a $44.00 price target on shares of Digimarc in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered Digimarc from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd.

In other Digimarc news, CEO Bruce L. Davis sold 9,444 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $35.78, for a total value of $337,906.32. Following the completion of the sale, the chief executive officer now owns 87,014 shares in the company, valued at approximately $3,113,360.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Bruce L. Davis sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was 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 of the company’s stock, valued at approximately $2,809,187.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,444 shares of company stock worth $1,036,556. 7.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. purchased a new stake in Digimarc in the 2nd quarter worth approximately $301,000. The Manufacturers Life Insurance Company lifted its holdings in Digimarc by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock worth $334,000 after buying an additional 540 shares during the period. Teachers Advisors LLC lifted its holdings in Digimarc by 5.4% in the 2nd quarter. Teachers Advisors LLC now owns 17,561 shares of the information technology services provider’s stock worth $705,000 after buying an additional 893 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Digimarc by 6.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 26,641 shares of the information technology services provider’s stock worth $1,070,000 after buying an additional 1,659 shares during the period. Finally, Suffolk Capital Management LLC purchased a new stake in Digimarc in the 3rd quarter worth approximately $1,336,000. Institutional investors and hedge funds own 57.49% of the company’s stock.

Digimarc (NASDAQ DMRC) opened at $28.75 on Friday. Digimarc has a 1 year low of $24.20 and a 1 year high of $41.75. The stock has a market capitalization of $324.01, a P/E ratio of -12.78 and a beta of -1.35.

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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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