Baillie Gifford & Co. Sells 17,889 Shares of Digimarc Co. (NASDAQ:DMRC)

Baillie Gifford & Co. trimmed its stake in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 580,433 shares of the information technology services provider's stock after selling 17,889 shares during the quarter. Baillie Gifford & Co. owned about 2.71% of Digimarc worth $15,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in DMRC. West Branch Capital LLC bought a new position in shares of Digimarc during the 2nd quarter valued at about $62,000. nVerses Capital LLC acquired a new stake in Digimarc in the second quarter valued at approximately $62,000. SG Americas Securities LLC acquired a new stake in shares of Digimarc in the 3rd quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Digimarc during the 2nd quarter worth about $148,000. Finally, McCollum Christoferson Group LLC acquired a new stake in Digimarc in the 2nd quarter worth approximately $211,000. Institutional investors own 66.85% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DMRC shares. StockNews.com upgraded shares of Digimarc to a "sell" rating in a research note on Tuesday, September 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 target price on shares of Digimarc in a report on Wednesday, August 14th.

Digimarc Trading Down 3.1 %

Shares of DMRC stock traded down $1.01 during trading hours on Wednesday, hitting $31.46. The company had a trading volume of 69,118 shares, compared to its average volume of 119,437. Digimarc Co. has a 12 month low of $21.00 and a 12 month high of $43.43. The firm's fifty day moving average is $29.49 and its 200 day moving average is $28.70.

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

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.