Craig Hallum Trims Digimarc (NASDAQ:DMRC) Target Price to $28.00

Digimarc (NASDAQ:DMRC) had its price objective lowered by Craig Hallum from $35.00 to $28.00 in a report released on Friday, Benzinga reports. The firm currently has a hold rating on the information technology services provider’s stock.

Digimarc Price Performance

NASDAQ:DMRC opened at $22.88 on Friday. The firm’s 50-day moving average price is $27.07 and its 200-day moving average price is $31.70. The company has a market capitalization of $488.95 million, a PE ratio of -11.00 and a beta of 1.18. Digimarc has a 1-year low of $17.61 and a 1-year high of $43.43.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings data on Wednesday, February 28th. The information technology services provider reported ($0.41) EPS for the quarter. Digimarc had a negative return on equity of 48.42% and a negative net margin of 114.38%. The business had revenue of $9.28 million for the quarter.

Insider Activity at Digimarc

In other Digimarc news, EVP Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $26.91, for a total value of $53,820.00. Following the sale, the executive vice president now directly owns 41,259 shares of the company’s stock, valued at $1,110,279.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Milena Alberti-Perez sold 4,900 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $30.84, for a total transaction of $151,116.00. Following the completion of the sale, the director now owns 14,487 shares of the company’s stock, valued at $446,779.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $26.91, for a total transaction of $53,820.00. Following the completion of the transaction, the executive vice president now owns 41,259 shares of the company’s stock, valued at $1,110,279.69. The disclosure for this sale can be found here. 19.30% of the stock is owned by corporate insiders.

Institutional Trading of Digimarc

A number of institutional investors and hedge funds have recently modified their holdings of DMRC. Tower Research Capital LLC TRC boosted its position in shares of Digimarc by 18.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,824 shares of the information technology services provider’s stock valued at $102,000 after buying an additional 443 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Digimarc in the fourth quarter worth approximately $133,000. Barclays PLC raised its holdings in shares of Digimarc by 79.0% during the third quarter. Barclays PLC now owns 5,070 shares of the information technology services provider’s stock valued at $165,000 after purchasing an additional 2,238 shares during the last quarter. McCollum Christoferson Group LLC bought a new position in Digimarc during the third quarter valued at approximately $231,000. Finally, Kestra Advisory Services LLC purchased a new stake in Digimarc in the third quarter worth approximately $240,000. Institutional investors own 66.85% of the company’s stock.

About Digimarc

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.