Digimarc Corp (NASDAQ:DMRC)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $62.84 and last traded at $62.69, with a volume of 14195 shares changing hands. The stock had previously closed at $58.76.
Several equities analysts recently commented on DMRC shares. Zacks Investment Research downgraded shares of Digimarc from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. BidaskClub upgraded shares of Digimarc from a “buy” rating to a “strong-buy” rating in a report on Monday, February 25th. National Securities downgraded shares of Digimarc from a “buy” rating to a “neutral” rating in a report on Monday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target (up from $32.00) on shares of Digimarc in a report on Tuesday, March 12th. Finally, ValuEngine upgraded shares of Digimarc from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.25.
The stock has a market cap of $704.03 million, a PE ratio of -21.90 and a beta of 1.15.
In other news, CEO Bruce L. Davis sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $47.90, for a total value of $718,500.00. Following the completion of the sale, the chief executive officer now owns 41,799 shares of the company’s stock, valued at approximately $2,002,172.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Aimee Arana sold 2,760 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $30.74, for a total transaction of $84,842.40. Following the completion of the sale, the executive vice president now directly owns 36,065 shares of the company’s stock, valued at approximately $1,108,638.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,975 shares of company stock valued at $2,293,702. 6.38% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of DMRC. BNP Paribas Arbitrage SA lifted its position in Digimarc by 58,800.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,356 shares of the information technology services provider’s stock valued at $74,000 after acquiring an additional 2,352 shares during the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in shares of Digimarc in the first quarter worth $116,000. MetLife Investment Advisors LLC acquired a new stake in shares of Digimarc in the first quarter worth $161,000. HighTower Advisors LLC acquired a new stake in shares of Digimarc in the first quarter worth $203,000. Finally, Rhumbline Advisers increased its stake in shares of Digimarc by 45.9% in the fourth quarter. Rhumbline Advisers now owns 15,042 shares of the information technology services provider’s stock worth $218,000 after acquiring an additional 4,732 shares during the period. 58.18% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: “Digimarc (DMRC) Reaches New 1-Year High at $62.84” was originally reported by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://dakotafinancialnews.com/2019/05/21/digimarc-dmrc-reaches-new-1-year-high-at-62-84.html.
Digimarc Company Profile (NASDAQ:DMRC)
Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It 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.
Featured Story: Can systematic risk be avoided?
Receive News & Ratings for Digimarc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc and related companies with MarketBeat.com's FREE daily email newsletter.