BlackRock Inc. bought a new position in shares of Digimarc Corporation (NASDAQ:DMRC - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,064,161 shares of the information technology services provider's stock, valued at approximately $8,747,000. BlackRock Inc. owned 4.75% of Digimarc as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of Digimarc by 13.4% in the 1st quarter. Bank of America Corp DE now owns 19,700 shares of the information technology services provider's stock valued at $97,000 after buying an additional 2,325 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Digimarc by 25.3% during 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 period. Occudo Quantitative Strategies LP increased its stake in shares of Digimarc by 18.4% during the third quarter. Occudo Quantitative Strategies LP now owns 24,977 shares of the information technology services provider's stock worth $244,000 after buying an additional 3,880 shares during the period. Turim 21 Investimentos Ltda. lifted its stake in Digimarc by 4.1% in the third quarter. Turim 21 Investimentos Ltda. now owns 98,475 shares of the information technology services provider's stock worth $962,000 after acquiring an additional 3,922 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Digimarc by 1.1% during the 3rd quarter. Private Advisor Group LLC now owns 466,358 shares of the information technology services provider's stock worth $4,556,000 after acquiring an additional 4,890 shares in the last quarter. Institutional investors and hedge funds own 66.85% of the company's stock.
Wall Street Analysts Forecast Growth
DMRC has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of Digimarc in a research note on Friday, July 17th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price target on shares of Digimarc in a research note on Friday, August 14th. Finally, Wall Street Zen cut shares of Digimarc from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $15.00.
Read Our Latest Stock Report on DMRC
Digimarc Stock Performance
Shares of NASDAQ:DMRC opened at $5.31 on Friday. The stock has a 50-day simple moving average of $6.72 and a 200-day simple moving average of $7.54. The stock has a market capitalization of $119.00 million, a P/E ratio of -3.71 and a beta of 2.29. Digimarc Corporation has a 1 year low of $4.07 and a 1 year high of $17.47.
About Digimarc
(
Free Report)
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.
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