BidaskClub upgraded shares of Digimarc (NASDAQ:DMRC) from a hold rating to a buy rating in a report published on Saturday morning.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Digimarc from a hold rating to a buy rating and set a $32.00 price target for the company in a report on Monday, August 6th. National Securities reaffirmed a buy rating and issued a $43.00 price target on shares of Digimarc in a report on Monday, August 6th. Needham & Company LLC reaffirmed a buy rating and issued a $34.00 price target (down from $35.00) on shares of Digimarc in a report on Friday, August 3rd. Finally, ValuEngine raised shares of Digimarc from a hold rating to a buy rating in a report on Friday, September 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Digimarc has a consensus rating of Buy and a consensus target price of $38.25.
Shares of NASDAQ DMRC traded down $0.68 during midday trading on Friday, hitting $26.80. The company’s stock had a trading volume of 33,883 shares, compared to its average volume of 48,778. Digimarc has a 1-year low of $22.85 and a 1-year high of $39.95. The firm has a market capitalization of $318.38 million, a PE ratio of -10.98 and a beta of -1.22.
In other Digimarc news, CEO Bruce L. Davis sold 8,930 shares of the business’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $30.27, for a total transaction of $270,311.10. Following the completion of the transaction, the chief executive officer now directly owns 60,887 shares of the company’s stock, valued at approximately $1,843,049.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System acquired a new position in Digimarc during the 2nd quarter valued at about $203,000. Handelsinvest Investeringsforvaltning acquired a new position in Digimarc during the 3rd quarter valued at about $315,000. Berson & Corrado Investment Advisors LLC boosted its stake in Digimarc by 22.6% during the 2nd quarter. Berson & Corrado Investment Advisors LLC now owns 12,375 shares of the information technology services provider’s stock valued at $331,000 after purchasing an additional 2,279 shares during the period. Handelsbanken Fonder AB acquired a new position in Digimarc during the 3rd quarter valued at about $431,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Digimarc by 13.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,442 shares of the information technology services provider’s stock valued at $629,000 after purchasing an additional 2,700 shares during the period. 55.53% of the stock is owned by hedge funds and other institutional investors.
Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.
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