Digimarc Co. (NASDAQ:DMRC) Shares Purchased by Curi RMB Capital LLC

Curi RMB Capital LLC raised its position in Digimarc Co. (NASDAQ:DMRC) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,821 shares of the information technology services provider’s stock after purchasing an additional 843 shares during the period. Curi RMB Capital LLC owned 0.55% of Digimarc worth $3,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. West Branch Capital LLC purchased a new position in Digimarc in the second quarter valued at $62,000. nVerses Capital LLC purchased a new position in shares of Digimarc in the 2nd quarter valued at about $62,000. SG Americas Securities LLC acquired a new stake in shares of Digimarc during the 3rd quarter worth about $106,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Digimarc during the second quarter worth approximately $148,000. Finally, McCollum Christoferson Group LLC acquired a new position in Digimarc in the second quarter valued at approximately $211,000. 66.85% of the stock is currently owned by institutional investors and hedge funds.

Digimarc Stock Down 4.3 %

DMRC opened at $30.12 on Friday. Digimarc Co. has a 52 week low of $21.00 and a 52 week high of $43.43. The business’s 50 day moving average is $29.67 and its two-hundred day moving average is $28.73.

Digimarc (NASDAQ:DMRC) last announced its earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) EPS for the quarter, beating 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 for the quarter.

Wall Street Analysts Forecast Growth

DMRC has been the subject of several recent analyst reports. StockNews.com upgraded shares of Digimarc to a “sell” rating in a research report on Tuesday, September 17th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Digimarc in a research report on Wednesday, August 14th.

About Digimarc

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.