Digimarc (NASDAQ:DMRC) Stock Price Up 3.6%

Digimarc Co. (NASDAQ:DMRC)’s stock price rose 3.6% on Tuesday . The stock traded as high as $31.58 and last traded at $31.58. Approximately 24,760 shares changed hands during trading, a decline of 82% from the average daily volume of 138,693 shares. The stock had previously closed at $30.48.

Analyst Upgrades and Downgrades

DMRC has been the subject of several recent research reports. Craig Hallum dropped their price objective on Digimarc from $35.00 to $28.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Needham & Company LLC upgraded Digimarc from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday, June 24th.

Digimarc Stock Performance

The company has a market capitalization of $657.13 million, a price-to-earnings ratio of -14.78 and a beta of 1.73. The company has a 50-day moving average price of $26.35 and a 200-day moving average price of $30.49.

Digimarc (NASDAQ:DMRC) last posted its earnings results on Thursday, May 2nd. The information technology services provider reported ($0.41) earnings per share (EPS) for the quarter. The company had revenue of $9.94 million for the quarter. Digimarc had a negative return on equity of 46.01% and a negative net margin of 114.38%.

Insider Activity at Digimarc

In related news, Director Kathleen Kool sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $24.02, for a total value of $72,060.00. Following the completion of the transaction, the director now directly owns 21,383 shares in the company, valued at approximately $513,619.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kathleen Kool sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $24.02, for a total value of $72,060.00. Following the completion of the transaction, the director now directly owns 21,383 shares in the company, valued at approximately $513,619.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alicia Syrett sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $25.48, for a total value of $38,220.00. Following the completion of the transaction, the director now owns 20,687 shares of the company’s stock, valued at $527,104.76. The disclosure for this sale can be found here. In the last three months, insiders sold 9,846 shares of company stock worth $235,887. 19.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Digimarc

Several institutional investors have recently bought and sold shares of the company. Woodson Capital Management LP bought a new stake in Digimarc in the 1st quarter valued at approximately $2,718,000. Price T Rowe Associates Inc. MD lifted its stake in Digimarc by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,185 shares of the information technology services provider’s stock valued at $413,000 after acquiring an additional 495 shares in the last quarter. Beaconlight Capital LLC lifted its stake in Digimarc by 34.7% in the 1st quarter. Beaconlight Capital LLC now owns 778,017 shares of the information technology services provider’s stock valued at $21,147,000 after acquiring an additional 200,251 shares in the last quarter. Vanguard Group Inc. lifted its stake in Digimarc by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 1,169,976 shares of the information technology services provider’s stock valued at $31,800,000 after acquiring an additional 19,460 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in Digimarc in the 1st quarter valued at approximately $361,000. Institutional investors own 66.85% of the company’s stock.

About Digimarc

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.