Cubist Systematic Strategies LLC Purchases New Holdings in Digimarc Co. (NASDAQ:DMRC)

Cubist Systematic Strategies LLC acquired a new stake in Digimarc Co. (NASDAQ:DMRC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,165 shares of the information technology services provider’s stock, valued at approximately $439,000. Cubist Systematic Strategies LLC owned about 0.07% of Digimarc as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. West Branch Capital LLC acquired a new stake in shares of Digimarc in the second quarter valued at approximately $62,000. nVerses Capital LLC acquired a new stake in shares of Digimarc in the second quarter valued at approximately $62,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Digimarc during the 2nd quarter worth approximately $148,000. McCollum Christoferson Group LLC acquired a new stake in Digimarc during the 2nd quarter worth approximately $211,000. Finally, BNP Paribas Financial Markets lifted its holdings in Digimarc by 10.4% during the 1st quarter. BNP Paribas Financial Markets now owns 12,770 shares of the information technology services provider’s stock worth $347,000 after purchasing an additional 1,207 shares during the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

Digimarc Price Performance

Digimarc stock opened at $29.17 on Monday. Digimarc Co. has a one year low of $21.00 and a one year high of $43.43. The stock’s fifty day moving average price is $27.81 and its two-hundred day moving average price is $27.51. The firm has a market cap of $623.45 million, a PE ratio of -14.02 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com raised Digimarc to a “sell” rating in a report on Tuesday, September 17th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Digimarc in a report on Wednesday, August 14th.

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.