Digimarc (NASDAQ:DMRC) PT Lowered to $28.00 at Craig Hallum

Digimarc (NASDAQ:DMRC) had its price objective trimmed by Craig Hallum from $35.00 to $28.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a hold rating on the information technology services provider’s stock.

Digimarc Trading Up 1.2 %

Shares of Digimarc stock opened at $22.88 on Friday. The stock’s fifty day moving average price is $27.07 and its 200-day moving average price is $31.70. The firm has a market cap of $488.95 million, a P/E ratio of -11.00 and a beta of 1.18. Digimarc has a 12 month low of $17.61 and a 12 month high of $43.43.

Digimarc (NASDAQ:DMRC) last posted its earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) EPS for the quarter. Digimarc had a negative net margin of 114.38% and a negative return on equity of 48.42%. The business had revenue of $9.28 million for the quarter.

Insider Buying and Selling at Digimarc

In related news, Director Milena Alberti-Perez sold 4,900 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $30.84, for a total transaction of $151,116.00. Following the completion of the sale, the director now owns 14,487 shares of the company’s stock, valued at $446,779.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $26.91, for a total transaction of $53,820.00. Following the sale, the executive vice president now owns 41,259 shares in the company, valued at $1,110,279.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Milena Alberti-Perez sold 4,900 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.84, for a total transaction of $151,116.00. Following the transaction, the director now owns 14,487 shares in the company, valued at approximately $446,779.08. The disclosure for this sale can be found here. 19.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DMRC. Tower Research Capital LLC TRC lifted its stake in shares of Digimarc by 18.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,824 shares of the information technology services provider’s stock worth $102,000 after buying an additional 443 shares during the period. SG Americas Securities LLC acquired a new position in shares of Digimarc in the 4th quarter valued at $133,000. Barclays PLC raised its stake in Digimarc by 79.0% in the 3rd quarter. Barclays PLC now owns 5,070 shares of the information technology services provider’s stock worth $165,000 after acquiring an additional 2,238 shares during the last quarter. McCollum Christoferson Group LLC acquired a new stake in Digimarc during the 3rd quarter worth about $231,000. Finally, Kestra Advisory Services LLC purchased a new stake in Digimarc during the 3rd quarter valued at about $240,000. 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.