Squarepoint Ops LLC Purchases Shares of 24,073 Digimarc Co. (NASDAQ:DMRC)

Squarepoint Ops LLC purchased a new stake in Digimarc Co. (NASDAQ:DMRC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,073 shares of the information technology services provider's stock, valued at approximately $747,000. Squarepoint Ops LLC owned about 0.11% of Digimarc as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in Digimarc in the second quarter worth $439,000. Private Advisor Group LLC grew its holdings in Digimarc by 4.4% in the second quarter. Private Advisor Group LLC now owns 351,908 shares of the information technology services provider's stock valued at $10,913,000 after purchasing an additional 14,884 shares during the period. Rhumbline Advisers grew its stake in shares of Digimarc by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 21,683 shares of the information technology services provider's stock valued at $672,000 after buying an additional 693 shares during the period. nVerses Capital LLC purchased a new position in shares of Digimarc in the 2nd quarter worth about $62,000. Finally, McCollum Christoferson Group LLC purchased a new position in Digimarc in the second quarter valued at approximately $211,000. Institutional investors and hedge funds own 66.85% of the company's stock.

Digimarc Stock Performance

Shares of NASDAQ:DMRC traded up $0.86 on Tuesday, hitting $28.73. The company's stock had a trading volume of 98,292 shares, compared to its average volume of 124,075. The stock's 50-day moving average is $28.05 and its two-hundred day moving average is $27.48. The company has a market capitalization of $614.05 million, a price-to-earnings ratio of -13.40 and a beta of 1.70. Digimarc Co. has a 12 month low of $21.00 and a 12 month high of $43.43.

Digimarc (NASDAQ:DMRC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $10.38 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on DMRC. StockNews.com raised Digimarc to a "sell" rating in a research report on Tuesday, September 17th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price target on shares of Digimarc in a research note on Wednesday, August 14th.

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.