Digimarc Co. (NASDAQ:DMRC - Get Free Report) Director Alicia Syrett sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $22.87, for a total value of $34,305.00. Following the transaction, the director now directly owns 29,687 shares in the company, valued at $678,941.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Digimarc Stock Down 0.7 %
NASDAQ DMRC traded down $0.16 on Friday, reaching $22.86. 29,583 shares of the stock traded hands, compared to its average volume of 133,075. The company has a market cap of $488.59 million, a price-to-earnings ratio of -11.00 and a beta of 1.18. The firm's fifty day simple moving average is $25.80 and its 200 day simple moving average is $31.52. 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 released its earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) EPS for the quarter. The business had revenue of $9.28 million during the quarter. Digimarc had a negative return on equity of 48.42% and a negative net margin of 114.38%.
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DMRC has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Digimarc in a research note on Monday. Craig Hallum decreased their target price on Digimarc from $35.00 to $28.00 and set a "hold" rating for the company in a research note on Friday, May 3rd.
Check Out Our Latest Report on Digimarc
Institutional Trading of Digimarc
A number of hedge funds have recently bought and sold shares of the company. Inspire Investing LLC purchased a new stake in shares of Digimarc in the 1st quarter valued at approximately $361,000. Janney Montgomery Scott LLC lifted its holdings in shares of Digimarc by 9.4% in the first quarter. Janney Montgomery Scott LLC now owns 63,728 shares of the information technology services provider's stock valued at $1,732,000 after purchasing an additional 5,483 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Digimarc by 10.4% in 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 period. Private Advisor Group LLC grew its holdings in shares of Digimarc by 2.7% during the first quarter. Private Advisor Group LLC now owns 337,024 shares of the information technology services provider's stock valued at $9,160,000 after buying an additional 8,875 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its position in Digimarc by 0.7% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 433,053 shares of the information technology services provider's stock valued at $11,770,000 after buying an additional 3,079 shares during the period. 66.85% of the stock is owned by hedge funds and other institutional investors.
About Digimarc
(
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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