Silverberg Bernstein Capital Management LLC Buys 55,110 Shares of Digimarc Corporation $DMRC

Silverberg Bernstein Capital Management LLC raised its position in shares of Digimarc Corporation (NASDAQ:DMRC) by 7.6% in the first quarter, HoldingsChannel.com reports. The firm owned 779,255 shares of the information technology services provider’s stock after purchasing an additional 55,110 shares during the quarter. Digimarc accounts for approximately 2.1% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 13th biggest holding. Silverberg Bernstein Capital Management LLC’s holdings in Digimarc were worth $3,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DMRC. Janney Montgomery Scott LLC lifted its position in shares of Digimarc by 25.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,866 shares of the information technology services provider’s stock worth $91,000 after purchasing an additional 2,800 shares during the period. Occudo Quantitative Strategies LP increased its position in shares of Digimarc by 18.4% during the third quarter. Occudo Quantitative Strategies LP now owns 24,977 shares of the information technology services provider’s stock worth $244,000 after buying an additional 3,880 shares during the period. Turim 21 Investimentos Ltda. raised its stake in Digimarc by 4.1% during the third quarter. Turim 21 Investimentos Ltda. now owns 98,475 shares of the information technology services provider’s stock worth $962,000 after buying an additional 3,922 shares during the last quarter. Private Advisor Group LLC raised its stake in Digimarc by 1.1% during the third quarter. Private Advisor Group LLC now owns 466,358 shares of the information technology services provider’s stock worth $4,556,000 after buying an additional 4,890 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Digimarc by 1.4% in the second quarter. Geode Capital Management LLC now owns 371,835 shares of the information technology services provider’s stock valued at $4,913,000 after buying an additional 5,191 shares during the period. Institutional investors and hedge funds own 66.85% of the company’s stock.

Analyst Ratings Changes

DMRC has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Digimarc in a research report on Monday, April 20th. Wall Street Zen raised Digimarc from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Needham & Company LLC boosted their price objective on Digimarc from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.00.

Digimarc Stock Performance

Shares of Digimarc stock opened at $9.58 on Friday. Digimarc Corporation has a 52 week low of $4.07 and a 52 week high of $17.47. The stock has a 50 day moving average price of $10.10 and a two-hundred day moving average price of $7.55. The stock has a market capitalization of $213.06 million, a PE ratio of -7.54 and a beta of 2.19.

Digimarc (NASDAQ:DMRC) last released its quarterly earnings data on Tuesday, May 12th. The information technology services provider reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.29. Digimarc had a negative return on equity of 21.81% and a negative net margin of 85.75%.The firm had revenue of $7.58 million during the quarter, compared to the consensus estimate of $7.05 million.

About Digimarc

Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.

The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.