Digimarc Co. (NASDAQ:DMRC - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $30.12, but opened at $28.90. Digimarc shares last traded at $28.50, with a volume of 90,529 shares.
Wall Street Analyst Weigh In
A number of research firms have commented on DMRC. StockNews.com raised Digimarc to a "sell" rating in a report on Tuesday, September 17th. Needham & Company LLC reissued a "buy" rating and set a $40.00 target price on shares of Digimarc in a research note on Friday.
Check Out Our Latest Stock Report on Digimarc
Digimarc Stock Down 9.8 %
The company has a market capitalization of $581.98 million, a PE ratio of -13.72 and a beta of 1.68. The company's 50 day moving average is $29.70 and its two-hundred day moving average is $28.76.
Digimarc (NASDAQ:DMRC - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.27) by $0.04. The company had revenue of $10.38 million for the quarter. Digimarc had a negative net margin of 105.98% and a negative return on equity of 41.60%.
Institutional Trading of Digimarc
Large investors have recently made changes to their positions in the stock. Kimelman & Baird LLC purchased a new stake in Digimarc in the second quarter worth about $18,249,000. Vanguard Group Inc. increased its holdings in Digimarc by 1.7% during 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 buying an additional 19,460 shares during the period. Silverberg Bernstein Capital Management LLC raised its stake in Digimarc by 4.0% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider's stock worth $12,363,000 after buying an additional 17,880 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Digimarc during the second quarter worth $439,000. Finally, Squarepoint Ops LLC bought a new stake in Digimarc during the 2nd quarter valued at $747,000. 66.85% of the stock is owned by hedge funds and other institutional investors.
Digimarc Company Profile
(
Get Free Report)
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.
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