ValuEngine downgraded shares of Digimarc (NASDAQ:DMRC) from a hold rating to a sell rating in a research note published on Friday.
Several other analysts also recently commented on DMRC. B. Riley reaffirmed a buy rating and set a $44.00 price objective on shares of Digimarc in a research note on Friday, October 27th. BidaskClub downgraded Digimarc from a hold rating to a sell rating in a research note on Wednesday, December 6th. Finally, Zacks Investment Research downgraded Digimarc from a hold rating to a sell rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $43.75.
Digimarc (DMRC) traded up $0.50 on Friday, reaching $27.05. The company’s stock had a trading volume of 148,509 shares, compared to its average volume of 112,095. The stock has a market cap of $314.86, a P/E ratio of -11.09 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 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 transaction of $337,906.32. Following the completion of the transaction, the chief executive officer now directly owns 87,014 shares of the company’s stock, valued at approximately $3,113,360.92. The sale was disclosed in a document filed with the SEC, which is accessible through 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 transaction, the chief executive officer now directly owns 92,014 shares of the company’s stock, valued at $2,809,187.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,444 shares of company stock valued at $1,036,556. Company insiders own 7.50% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Pratt Collard Advisory Partners LLC purchased a new position in shares of Digimarc during the 4th quarter worth approximately $5,016,000. FMR LLC purchased a new position in shares of Digimarc during the 2nd quarter worth approximately $6,413,000. Janney Montgomery Scott LLC raised its stake in shares of Digimarc by 4.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 80,222 shares of the information technology services provider’s stock worth $2,936,000 after buying an additional 3,289 shares in the last quarter. Suffolk Capital Management LLC acquired a new stake in shares of Digimarc in the 3rd quarter worth approximately $1,336,000. Finally, Baillie Gifford & Co. grew its holdings in shares of Digimarc by 3.4% in the 3rd quarter. Baillie Gifford & Co. now owns 261,462 shares of the information technology services provider’s stock worth $9,570,000 after acquiring an additional 8,564 shares during the period. 60.51% of the stock is 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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