BidaskClub lowered shares of Digimarc (NASDAQ:DMRC) from a buy rating to a hold rating in a research report sent to investors on Friday morning.
Other equities analysts also recently issued research reports about the stock. National Securities reaffirmed a buy rating and set a $43.00 target price on shares of Digimarc in a research note on Monday, August 6th. ValuEngine downgraded shares of Digimarc from a buy rating to a hold rating in a research note on Thursday, September 13th. Zacks Investment Research downgraded shares of Digimarc from a buy rating to a hold rating in a research note on Monday, July 2nd. Finally, Needham & Company LLC reiterated a buy rating and set a $34.00 price target (down previously from $35.00) on shares of Digimarc in a report on Friday, August 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Digimarc presently has a consensus rating of Buy and a consensus target price of $40.60.
Shares of NASDAQ DMRC opened at $26.45 on Friday. Digimarc has a fifty-two week low of $22.85 and a fifty-two week high of $39.95. The company has a market cap of $373.64 million, a price-to-earnings ratio of -10.81 and a beta of -1.22.
In other news, CEO Bruce L. Davis sold 8,930 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $30.27, for a total transaction of $270,311.10. Following the sale, the chief executive officer now owns 60,887 shares in the company, valued at $1,843,049.49. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.10% of the company’s stock.
Several large investors have recently bought and sold shares of DMRC. Janus Henderson Group PLC grew its holdings in shares of Digimarc by 56.3% during the second quarter. Janus Henderson Group PLC now owns 918,597 shares of the information technology services provider’s stock valued at $24,618,000 after buying an additional 331,052 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Digimarc by 15.9% during the second quarter. BlackRock Inc. now owns 715,481 shares of the information technology services provider’s stock valued at $19,174,000 after buying an additional 98,190 shares during the last quarter. Senvest Management LLC grew its holdings in shares of Digimarc by 7.1% during the first quarter. Senvest Management LLC now owns 892,156 shares of the information technology services provider’s stock valued at $21,367,000 after buying an additional 58,826 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Digimarc during the second quarter valued at approximately $1,138,000. Finally, PEAK6 Investments L.P. purchased a new stake in shares of Digimarc during the second quarter valued at approximately $1,097,000. Hedge funds and other institutional investors own 55.55% of the company’s stock.
Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.
Featured Article: S&P 500 Index
Receive News & Ratings for Digimarc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc and related companies with MarketBeat.com's FREE daily email newsletter.