Craig Hallum Lowers Digimarc (NASDAQ:DMRC) Price Target to $28.00

Digimarc (NASDAQ:DMRC) had its price target dropped by analysts at Craig Hallum from $35.00 to $28.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Craig Hallum’s price objective points to a potential upside of 22.38% from the company’s current price.

Digimarc Trading Up 1.2 %

Shares of NASDAQ DMRC opened at $22.88 on Friday. The stock has a 50 day simple moving average of $27.07 and a 200-day simple moving average of $31.65. The company has a market cap of $488.95 million, a PE ratio of -11.00 and a beta of 1.18. Digimarc has a 12-month low of $17.61 and a 12-month high of $43.43.

Digimarc (NASDAQ:DMRC) last issued its quarterly earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) EPS for the quarter. Digimarc had a negative net margin of 114.38% and a negative return on equity of 48.42%. The firm had revenue of $9.28 million during the quarter.

Insider Transactions at Digimarc

In other Digimarc news, EVP Tony Rodriguez sold 2,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $26.91, for a total value of $53,820.00. Following the sale, the executive vice president now directly owns 41,259 shares in the company, valued at $1,110,279.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Digimarc news, EVP Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $26.91, for a total transaction of $53,820.00. Following the completion of the sale, the executive vice president now directly owns 41,259 shares of the company’s stock, valued at approximately $1,110,279.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Milena Alberti-Perez sold 4,900 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.84, for a total value of $151,116.00. Following the completion of the transaction, the director now directly owns 14,487 shares in the company, valued at approximately $446,779.08. The disclosure for this sale can be found here. 20.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in Digimarc by 18.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,824 shares of the information technology services provider’s stock valued at $102,000 after buying an additional 443 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Digimarc in the 4th quarter worth approximately $133,000. Barclays PLC raised its position in shares of Digimarc by 79.0% in the 3rd quarter. Barclays PLC now owns 5,070 shares of the information technology services provider’s stock worth $165,000 after acquiring an additional 2,238 shares in the last quarter. McCollum Christoferson Group LLC bought a new position in shares of Digimarc during the 3rd quarter worth approximately $231,000. Finally, Kestra Advisory Services LLC acquired a new stake in Digimarc in the third quarter worth $240,000. Institutional investors and hedge funds own 66.85% of the company’s stock.

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.