nVerses Capital LLC Acquires Shares of 2,000 Digimarc Co. (NASDAQ:DMRC)

nVerses Capital LLC bought a new position in Digimarc Co. (NASDAQ:DMRC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the information technology services provider’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DMRC. West Branch Capital LLC purchased a new position in Digimarc in the 2nd quarter valued at approximately $62,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Digimarc during the 2nd quarter valued at $148,000. McCollum Christoferson Group LLC purchased a new stake in Digimarc during the 2nd quarter worth about $211,000. BNP Paribas Financial Markets boosted its stake in Digimarc by 10.4% in 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 period. Finally, Inspire Investing LLC purchased a new position in Digimarc during the 1st quarter valued at about $361,000. Institutional investors own 66.85% of the company’s stock.

Digimarc Stock Performance

Digimarc stock opened at $26.47 on Thursday. The stock has a market cap of $565.74 million, a P/E ratio of -12.73 and a beta of 1.73. Digimarc Co. has a fifty-two week low of $21.00 and a fifty-two week high of $43.43. The firm’s fifty day moving average price is $30.15 and its 200-day moving average price is $28.35.

Digimarc (NASDAQ:DMRC) last released its quarterly earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share 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 firm had revenue of $10.38 million for the quarter.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Digimarc in a research report on Wednesday, August 14th.

About Digimarc

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.