Inspire Investing LLC Sells 12,506 Shares of Digimarc Corporation $DMRC

Inspire Investing LLC cut its holdings in Digimarc Corporation (NASDAQ:DMRC) by 30.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,248 shares of the information technology services provider’s stock after selling 12,506 shares during the period. Inspire Investing LLC’s holdings in Digimarc were worth $386,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. AlphaQuest LLC increased its stake in shares of Digimarc by 423.5% in the first quarter. AlphaQuest LLC now owns 2,670 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 2,160 shares during the period. GAMMA Investing LLC increased its stake in shares of Digimarc by 3,888.2% in the first quarter. GAMMA Investing LLC now owns 5,743 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 5,599 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Digimarc in the first quarter worth about $128,000. EntryPoint Capital LLC bought a new position in shares of Digimarc in the first quarter worth about $131,000. Finally, Grimes & Company Inc. bought a new position in shares of Digimarc in the first quarter worth about $170,000. 66.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Digimarc in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Digimarc has a consensus rating of “Hold” and an average target price of $30.00.

Digimarc Stock Down 6.5%

DMRC stock opened at $8.17 on Friday. Digimarc Corporation has a twelve month low of $7.76 and a twelve month high of $48.32. The company has a market cap of $177.13 million, a PE ratio of -4.46 and a beta of 1.64. The business’s 50-day simple moving average is $9.38 and its 200 day simple moving average is $11.57.

Digimarc 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.