SG Americas Securities LLC Purchases Shares of 3,948 Digimarc Co. (NASDAQ:DMRC)

SG Americas Securities LLC purchased a new stake in Digimarc Co. (NASDAQ:DMRC) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,948 shares of the information technology services provider’s stock, valued at approximately $106,000.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position 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. Rhumbline Advisers raised its stake in shares of Digimarc by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 21,683 shares of the information technology services provider’s stock valued at $672,000 after purchasing an additional 693 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Digimarc by 10.4% in the first quarter. BNP Paribas Financial Markets now owns 12,770 shares of the information technology services provider’s stock valued at $347,000 after purchasing an additional 1,207 shares in the last quarter. West Branch Capital LLC acquired a new position in shares of Digimarc during the second quarter worth about $62,000. Finally, nVerses Capital LLC acquired a new position in shares of Digimarc during the second quarter worth about $62,000. Institutional investors own 66.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Digimarc in a research note on Wednesday, August 14th. StockNews.com upgraded shares of Digimarc to a “sell” rating in a report on Tuesday, September 17th.

Digimarc Price Performance

Digimarc stock opened at $32.12 on Monday. The company has a market cap of $686.50 million, a price-to-earnings ratio of -15.44 and a beta of 1.70. The firm has a 50-day moving average of $28.41 and a 200-day moving average of $27.88. Digimarc Co. has a one year low of $21.00 and a one year high of $43.43.

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

Digimarc Company 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.