Digimarc (NASDAQ:DMRC) Earns Sell (E+) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (e+)" rating for Digimarc (NASDAQ:DMRC), indicating ongoing concerns about the stock's performance.
• Digimarc's shares recently traded at $9.60, with a fifty-two week range from $7.76 to $48.32, reflecting significant volatility.
• Institutional investors hold 66.85% of Digimarc's stock, with several hedge funds increasing their positions in the company over recent quarters.

Digimarc (NASDAQ:DMRC - Get Free Report)'s stock had its "sell (e+)" rating reiterated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Digimarc Price Performance

Shares of DMRC stock traded up $0.18 during mid-day trading on Wednesday, hitting $9.60. The stock had a trading volume of 101,720 shares, compared to its average volume of 180,794. Digimarc has a fifty-two week low of $7.76 and a fifty-two week high of $48.32. The firm has a market cap of $208.13 million, a PE ratio of -5.25 and a beta of 1.64. The company's 50-day simple moving average is $9.75 and its 200-day simple moving average is $11.79.

Hedge Funds Weigh In On Digimarc

A number of large investors have recently made changes to their positions in the stock. Bryant Woods Investment Advisors LLC increased its holdings in shares of Digimarc by 1.5% in the 2nd quarter. Bryant Woods Investment Advisors LLC now owns 78,626 shares of the information technology services provider's stock valued at $1,039,000 after purchasing an additional 1,126 shares in the last quarter. Samjo Management LLC increased its holdings in shares of Digimarc by 3.8% in the 2nd quarter. Samjo Management LLC now owns 37,075 shares of the information technology services provider's stock valued at $490,000 after purchasing an additional 1,350 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Digimarc by 423.5% in the 1st quarter. AlphaQuest LLC now owns 2,670 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 2,160 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Digimarc in the 2nd quarter valued at about $35,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Digimarc in the 2nd quarter valued at about $65,000. Hedge funds and other institutional investors 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.

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