StockNews.com Upgrades Digimarc (NASDAQ:DMRC) to Sell

Digimarc (NASDAQ:DMRC) was upgraded by StockNews.com to a “sell” rating in a report released on Tuesday.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Digimarc in a research report on Wednesday, August 14th.

Digimarc Stock Performance

NASDAQ DMRC opened at $29.23 on Tuesday. Digimarc has a one year low of $21.00 and a one year high of $43.43. The company’s 50 day moving average price is $29.71 and its 200 day moving average price is $27.75. The firm has a market capitalization of $624.73 million, a price-to-earnings ratio of -14.05 and a beta of 1.70.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.04. Digimarc had a negative net margin of 105.98% and a negative return on equity of 41.60%. The firm had revenue of $10.38 million for the quarter.

Institutional Trading of Digimarc

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Digimarc by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,169,976 shares of the information technology services provider’s stock valued at $31,800,000 after acquiring an additional 19,460 shares in the last quarter. Beaconlight Capital LLC grew its position in Digimarc by 34.7% in the first quarter. Beaconlight Capital LLC now owns 778,017 shares of the information technology services provider’s stock valued at $21,147,000 after acquiring an additional 200,251 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in Digimarc in the second quarter valued at approximately $18,249,000. Goldman Sachs Group Inc. grew its position in shares of Digimarc by 1,834.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock worth $19,793,000 after buying an additional 519,643 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its position in shares of Digimarc by 2.1% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 442,053 shares of the information technology services provider’s stock worth $13,708,000 after buying an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 66.85% of the company’s stock.

Digimarc Company Profile

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.