Digimarc (NASDAQ:DMRC) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Digimarc (NASDAQ:DMRC) to a sell rating in a report published on Tuesday.

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

Digimarc Stock Performance

Shares of DMRC opened at $28.53 on Tuesday. The firm has a market cap of $609.77 million, a PE ratio of -13.72 and a beta of 1.70. The firm’s 50 day moving average price is $29.61 and its 200 day moving average price is $27.70. Digimarc has a twelve month low of $21.00 and a twelve month high of $43.43.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Digimarc by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,185 shares of the information technology services provider’s stock worth $413,000 after purchasing an additional 495 shares during the last quarter. Rhumbline Advisers increased its position in Digimarc by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 21,683 shares of the information technology services provider’s stock worth $672,000 after buying an additional 693 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Digimarc by 10.4% during the first quarter. BNP Paribas Financial Markets now owns 12,770 shares of the information technology services provider’s stock worth $347,000 after buying an additional 1,207 shares during the last quarter. West Branch Capital LLC acquired a new stake in shares of Digimarc in the second quarter worth $62,000. Finally, nVerses Capital LLC bought a new position in Digimarc during the second quarter worth $62,000. Institutional investors and hedge funds 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.