Needham & Company LLC Reaffirms “Hold” Rating for Digimarc (NASDAQ:DMRC)

Digimarc (NASDAQ:DMRC)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a research note issued to investors on Monday, Benzinga reports.

Separately, Craig Hallum dropped their price objective on Digimarc from $35.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday.

Digimarc Stock Up 1.2 %

NASDAQ:DMRC opened at $22.88 on Monday. The firm has a market capitalization of $488.95 million, a price-to-earnings ratio of -11.00 and a beta of 1.18. Digimarc has a twelve month low of $17.61 and a twelve month high of $43.43. The stock’s 50 day moving average price is $27.07 and its two-hundred day moving average price is $31.70.

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

Insiders Place Their Bets

In other Digimarc news, EVP Tony Rodriguez sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $26.91, for a total transaction of $53,820.00. Following the completion of the sale, the executive vice president now directly owns 41,259 shares in the company, valued at $1,110,279.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the director now owns 14,487 shares in the company, valued at approximately $446,779.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tony Rodriguez sold 2,000 shares of Digimarc stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $26.91, for a total value of $53,820.00. Following the completion of the transaction, the executive vice president now owns 41,259 shares in the company, valued at approximately $1,110,279.69. The disclosure for this sale can be found here. Company insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Digimarc

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