BidaskClub upgraded shares of Digimarc (NASDAQ:DMRC) from a hold rating to a buy rating in a research report sent to investors on Saturday.
Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Digimarc from a hold rating to a buy rating and set a $32.00 target price for the company in a research report on Monday, August 6th. National Securities restated a buy rating and set a $43.00 target price on shares of Digimarc in a research report on Monday, August 6th. Needham & Company LLC restated a buy rating and set a $34.00 target price (down from $35.00) on shares of Digimarc in a research report on Friday, August 3rd. Finally, ValuEngine upgraded shares of Digimarc from a hold rating to a buy rating in a research report on Friday, September 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $38.25.
Shares of NASDAQ DMRC opened at $26.32 on Friday. The company has a market cap of $318.39 million, a P/E ratio of -10.79 and a beta of -1.22. Digimarc has a 12-month low of $22.85 and a 12-month high of $39.95.
In other Digimarc news, CEO Bruce L. Davis sold 8,930 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $30.27, for a total value of $270,311.10. Following the completion of the transaction, the chief executive officer now directly owns 60,887 shares in the company, valued at $1,843,049.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System bought a new position in shares of Digimarc in the second quarter worth approximately $203,000. Handelsinvest Investeringsforvaltning bought a new position in shares of Digimarc in the third quarter worth approximately $315,000. Berson & Corrado Investment Advisors LLC boosted its position in shares of Digimarc by 22.6% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 12,375 shares of the information technology services provider’s stock worth $331,000 after purchasing an additional 2,279 shares during the period. Handelsbanken Fonder AB bought a new position in shares of Digimarc in the third quarter worth approximately $431,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Digimarc by 13.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 23,442 shares of the information technology services provider’s stock worth $629,000 after purchasing an additional 2,700 shares during the period. Institutional investors and hedge funds own 55.65% of the company’s stock.
Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.
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