Digimarc (NASDAQ:DMRC) Hits New 1-Year High on Analyst Upgrade

Digimarc Co. (NASDAQ:DMRC – Get Rating)’s stock price reached a new 52-week high on Thursday after Craig Hallum raised their price target on the stock from $17.00 to $25.00. The stock traded as high as $25.74 and last traded at $25.43, with a volume of 594152 shares trading hands. The stock had previously closed at $19.92.

Institutional Investors Weigh In On Digimarc

A number of large investors have recently modified their holdings of the company. Cowen Prime Advisors LLC boosted its holdings in shares of Digimarc by 0.7% in the 3rd quarter. Cowen Prime Advisors LLC now owns 135,267 shares of the information technology services provider’s stock valued at $1,833,000 after buying an additional 950 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Digimarc by 6.3% in the fourth quarter. Private Advisor Group LLC now owns 291,891 shares of the information technology services provider’s stock valued at $5,396,139,000 after acquiring an additional 17,390 shares in the last quarter. RMB Capital Management LLC boosted its holdings in Digimarc by 0.9% during the first quarter. RMB Capital Management LLC now owns 106,096 shares of the information technology services provider’s stock worth $2,085,000 after buying an additional 985 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Digimarc during the first quarter worth about $108,000. Finally, Bryant Woods Investment Advisors LLC boosted its holdings in Digimarc by 7.4% during the first quarter. Bryant Woods Investment Advisors LLC now owns 60,830 shares of the information technology services provider’s stock worth $1,195,000 after buying an additional 4,191 shares in the last quarter. 55.24% of the stock is owned by hedge funds and other institutional investors.

Digimarc Stock Up 32.2 %

The stock has a market cap of $533.71 million, a PE ratio of -8.33 and a beta of 1.47. The business’s fifty day moving average is $18.80 and its 200 day moving average is $19.81.

Digimarc (NASDAQ:DMRC – Get Rating) last announced its earnings results on Wednesday, March 1st. The information technology services provider reported ($0.41) earnings per share (EPS) for the quarter. The business had revenue of $7.22 million for the quarter. Digimarc had a negative return on equity of 49.74% and a negative net margin of 198.03%.

About Digimarc

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Digimarc Corp. engages in the provision of media identification and management solutions. It develops solutions, licenses intellectual property, and provides development services. The company also connects print, audio, and packaging to brand-defined online content, protects, identifies, and tracks digital files, and confirms content and objects are genuine, unaltered, and from an authorized source.