Digimarc Co. (NASDAQ:DMRC) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its position in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) by 93.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,028 shares of the information technology services provider's stock after acquiring an additional 50,690 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.49% of Digimarc worth $3,933,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DMRC. Vanguard Group Inc. increased its position in Digimarc by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,308,979 shares of the information technology services provider's stock worth $49,021,000 after purchasing an additional 5,726 shares during the period. Private Advisor Group LLC boosted its stake in shares of Digimarc by 3.0% in the fourth quarter. Private Advisor Group LLC now owns 370,394 shares of the information technology services provider's stock valued at $13,871,000 after buying an additional 10,680 shares in the last quarter. Geode Capital Management LLC grew its holdings in Digimarc by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 355,673 shares of the information technology services provider's stock worth $13,323,000 after acquiring an additional 935 shares during the period. Bank of New York Mellon Corp raised its position in Digimarc by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 228,780 shares of the information technology services provider's stock worth $8,568,000 after acquiring an additional 703 shares in the last quarter. Finally, Samjo Management LLC raised its position in Digimarc by 79.4% in the fourth quarter. Samjo Management LLC now owns 135,296 shares of the information technology services provider's stock worth $5,067,000 after acquiring an additional 59,896 shares in the last quarter. 66.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC lowered their price target on shares of Digimarc from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th.

Digimarc Stock Performance

DMRC traded down $0.73 on Wednesday, hitting $12.50. 138,683 shares of the company were exchanged, compared to its average volume of 164,930. Digimarc Co. has a fifty-two week low of $10.44 and a fifty-two week high of $48.32. The firm has a market capitalization of $269.40 million, a P/E ratio of -6.41 and a beta of 1.44. The business's fifty day moving average is $12.92 and its 200 day moving average is $26.35.

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.