Private Advisor Group LLC Boosts Holdings in Digimarc Co. (NASDAQ:DMRC)

Private Advisor Group LLC lifted its holdings in Digimarc Co. (NASDAQ:DMRC) by 2.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 359,714 shares of the information technology services provider’s stock after purchasing an additional 7,806 shares during the period. Private Advisor Group LLC owned approximately 1.68% of Digimarc worth $9,669,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Digimarc by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,169,976 shares of the information technology services provider’s stock worth $31,800,000 after acquiring an additional 19,460 shares in the last quarter. Beaconlight Capital LLC grew its stake in Digimarc by 34.7% during the 1st quarter. Beaconlight Capital LLC now owns 778,017 shares of the information technology services provider’s stock worth $21,147,000 after purchasing an additional 200,251 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in Digimarc during the 2nd quarter worth about $18,249,000. Goldman Sachs Group Inc. increased its holdings in Digimarc by 1,834.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock worth $19,793,000 after purchasing an additional 519,643 shares during the period. Finally, Silverberg Bernstein Capital Management LLC raised its position in Digimarc by 4.0% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider’s stock valued at $12,363,000 after purchasing an additional 17,880 shares in the last quarter. 66.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Digimarc to a “sell” rating in a research note on Tuesday, September 17th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Digimarc in a research report on Wednesday, August 14th.

Digimarc Stock Performance

DMRC opened at $31.03 on Friday. Digimarc Co. has a one year low of $21.00 and a one year high of $43.43. The company has a market cap of $663.20 million, a P/E ratio of -14.92 and a beta of 1.70. The business’s 50-day simple moving average is $28.29 and its 200-day simple moving average is $27.78.

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.04. The firm had revenue of $10.38 million during the quarter. Digimarc had a negative net margin of 105.98% and a negative return on equity of 41.60%.

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.