Digimarc Co. (NASDAQ:DMRC – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $29.17, but opened at $29.91. Digimarc shares last traded at $29.19, with a volume of 3,622 shares changing hands.
Wall Street Analysts Forecast Growth
DMRC has been the subject of several recent analyst reports. StockNews.com raised Digimarc to a “sell” rating in a research note on Tuesday, September 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Digimarc in a research note on Wednesday, August 14th.
View Our Latest Stock Report on DMRC
Digimarc Price Performance
Digimarc (NASDAQ:DMRC – Get Free Report) last issued its earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $10.38 million for the quarter.
Hedge Funds Weigh In On Digimarc
Institutional investors and hedge funds have recently modified their holdings of the company. Kimelman & Baird LLC acquired a new stake in Digimarc in the second quarter valued at $18,249,000. Vanguard Group Inc. raised its position in shares of Digimarc by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 1,169,976 shares of the information technology services provider’s stock worth $31,800,000 after acquiring an additional 19,460 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Digimarc by 1,834.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock valued at $19,793,000 after purchasing an additional 519,643 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased 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 valued at $12,363,000 after purchasing an additional 17,880 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Digimarc during the 2nd quarter worth approximately $747,000. Institutional investors and hedge funds own 66.85% of the company’s stock.
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.
Read More
- Five stocks we like better than Digimarc
- How to invest in marijuana stocks in 7 steps
- Bank of America Earnings Uncover Shifts in Consumer Spending
- Airline Stocks – Top Airline Stocks to Buy Now
- NVIDIA Stock Continues to Be Wall Street’s Favorite: Here’s Why
- Stock Market Upgrades: What Are They?
- Cavco’s Future Looks Bright as Affordable Housing Demand Soars
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.