Digimarc (NASDAQ:DMRC) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Digimarc (NASDAQ:DMRC) to a hold rating in a report released on Saturday morning.

Several other research firms have also recently weighed in on DMRC. Needham & Company LLC boosted their price objective on shares of Digimarc from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Digimarc in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.00.

Digimarc Stock Down 1.8%

NASDAQ:DMRC opened at $5.99 on Friday. The firm has a market cap of $134.24 million, a PE ratio of -4.72 and a beta of 2.27. Digimarc has a 12 month low of $4.07 and a 12 month high of $17.47. The company’s 50-day moving average price is $10.13 and its two-hundred day moving average price is $7.43.

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

Institutional Investors Weigh In On Digimarc

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in shares of Digimarc in the 1st quarter worth $128,000. Jane Street Group LLC grew its stake in shares of Digimarc by 915.0% during the first quarter. Jane Street Group LLC now owns 69,538 shares of the information technology services provider’s stock worth $891,000 after purchasing an additional 62,687 shares during the period. Geode Capital Management LLC increased 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 purchasing an additional 5,191 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Digimarc by 17.8% in the second quarter. JPMorgan Chase & Co. now owns 106,375 shares of the information technology services provider’s stock valued at $1,405,000 after purchasing an additional 16,106 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Digimarc in the second quarter valued at about $190,000. 66.85% of the stock is owned by institutional investors.

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.