Digimarc (NASDAQ:DMRC) Upgraded to Hold at Wall Street Zen

Digimarc (NASDAQ:DMRC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Digimarc in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.00.

Digimarc Trading Down 1.7%

Shares of Digimarc stock opened at $6.53 on Friday. Digimarc has a 12 month low of $4.07 and a 12 month high of $15.18. The firm has a market capitalization of $142.07 million, a P/E ratio of -4.35 and a beta of 1.70. The business has a fifty day simple moving average of $5.64 and a two-hundred day simple moving average of $7.60.

Digimarc (NASDAQ:DMRC) last issued its quarterly earnings results on Wednesday, March 11th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. Digimarc had a negative net margin of 95.27% and a negative return on equity of 37.21%. The company had revenue of $8.91 million during the quarter, compared to analyst estimates of $8.22 million.

Hedge Funds Weigh In On Digimarc

Several large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new position in Digimarc in the 2nd quarter worth about $65,000. Invesco Ltd. bought a new stake in Digimarc during the 4th quarter valued at about $78,000. Janney Montgomery Scott LLC raised its holdings in Digimarc by 25.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,866 shares of the information technology services provider’s stock worth $91,000 after buying an additional 2,800 shares during the last quarter. Verition Fund Management LLC purchased a new position in Digimarc in the fourth quarter worth about $96,000. Finally, Inscription Capital LLC bought a new position in shares of Digimarc in the fourth quarter worth approximately $109,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Digimarc Company Profile

Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.

The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.