Digimarc (NASDAQ:DMRC) Given Sell (E+) Rating at Weiss Ratings

Key Points

• Weiss Ratings has reissued a "sell (e+)" rating for Digimarc (NASDAQ:DMRC), indicating bearish sentiment among analysts regarding the stock's performance.
• Despite the negative rating, Digimarc's stock price increased by 3.6%, trading at $10.10, though it has fluctuated significantly over the past year, with a low of $7.76 and a high of $48.32.
• Institutional investors own 66.85% of Digimarc, with several firms recently increasing their stakes, suggesting continued interest in the company despite the downward rating.

Digimarc (NASDAQ:DMRC - Get Free Report)'s stock had its "sell (e+)" rating reissued by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Digimarc Stock Up 3.6%

Shares of DMRC stock traded up $0.35 during mid-day trading on Friday, reaching $10.10. The company's stock had a trading volume of 153,332 shares, compared to its average volume of 157,516. The company's 50 day simple moving average is $9.22 and its 200-day simple moving average is $11.47. Digimarc has a 12-month low of $7.76 and a 12-month high of $48.32. The firm has a market capitalization of $218.97 million, a PE ratio of -5.52 and a beta of 1.64.

Institutional Investors Weigh In On Digimarc

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Silverberg Bernstein Capital Management LLC increased its stake in Digimarc by 11.6% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 693,182 shares of the information technology services provider's stock worth $6,773,000 after buying an additional 72,050 shares during the period. Kimelman & Baird LLC increased its stake in Digimarc by 11.4% during the 2nd quarter. Kimelman & Baird LLC now owns 640,851 shares of the information technology services provider's stock worth $8,466,000 after buying an additional 65,609 shares during the period. Private Advisor Group LLC increased its stake in Digimarc by 7.9% during the 1st quarter. Private Advisor Group LLC now owns 399,685 shares of the information technology services provider's stock worth $5,124,000 after buying an additional 29,291 shares during the period. Geode Capital Management LLC increased its stake in Digimarc by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 371,835 shares of the information technology services provider's stock worth $4,913,000 after buying an additional 5,191 shares during the period. Finally, Lane Generational LLC increased its stake in Digimarc by 21.3% during the 2nd quarter. Lane Generational LLC now owns 109,727 shares of the information technology services provider's stock worth $1,449,000 after buying an additional 19,260 shares during the period. 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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