Digimarc Corporation $DMRC Shares Purchased by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management LP increased its Digimarc stake by 179.6% in the first quarter, adding 188,361 shares to own 293,249 shares worth approximately $1.44 million. Institutional investors collectively own 66.85% of the company.
• Digimarc reported a quarterly loss of $0.08 per share, beating the consensus estimate of a $0.33 loss, while revenue of $7.39 million also exceeded expectations. However, the company posted an 85.75% negative net margin.
• Analyst sentiment remains mixed, with one Buy and one Sell rating producing a consensus Hold rating and a $15 price target. Shares opened at $7.04, well below their 52-week high of $17.47.

Quantinno Capital Management LP increased its position in shares of Digimarc Corporation (NASDAQ:DMRC - Free Report) by 179.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 293,249 shares of the information technology services provider's stock after buying an additional 188,361 shares during the quarter. Quantinno Capital Management LP owned about 1.32% of Digimarc worth $1,440,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Silverberg Bernstein Capital Management LLC increased its holdings in shares of Digimarc by 7.6% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 779,255 shares of the information technology services provider's stock valued at $3,826,000 after acquiring an additional 55,110 shares during the period. Kimelman & Baird LLC raised its position in Digimarc by 7.2% in the 4th quarter. Kimelman & Baird LLC now owns 680,817 shares of the information technology services provider's stock valued at $4,466,000 after purchasing an additional 45,447 shares during the last quarter. Inscription Capital LLC acquired a new stake in Digimarc during the 4th quarter worth $109,000. Quadrature Capital Ltd acquired a new stake in Digimarc during the 4th quarter worth $116,000. Finally, Marshall Wace LLP purchased a new position in Digimarc during the 4th quarter worth $114,000. Institutional investors and hedge funds own 66.85% of the company's stock.

Digimarc Stock Performance

Shares of Digimarc stock opened at $7.04 on Friday. The company has a market cap of $157.77 million, a P/E ratio of -5.54 and a beta of 2.30. Digimarc Corporation has a one year low of $4.07 and a one year high of $17.47. The firm has a fifty day moving average of $7.99 and a two-hundred day moving average of $7.49.

Digimarc (NASDAQ:DMRC - Get Free Report) last issued its earnings results on Thursday, August 13th. The information technology services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.25. Digimarc had a negative net margin of 85.75% and a negative return on equity of 21.81%. The business had revenue of $7.39 million for the quarter, compared to the consensus estimate of $7.10 million.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Digimarc to a "hold" rating in a research note on Saturday, July 18th. Weiss Ratings reissued a "sell (e+)" rating on shares of Digimarc in a report on Friday, July 17th. Finally, Needham & Company LLC boosted their price target on Digimarc from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Digimarc currently has a consensus rating of "Hold" and a consensus price target of $15.00.

Digimarc Company Profile

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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