Digimarc Co. (NASDAQ:DMRC) Director Alicia Syrett Sells 846 Shares

Digimarc Co. (NASDAQ:DMRC - Get Free Report) Director Alicia Syrett sold 846 shares of Digimarc stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $25.83, for a total value of $21,852.18. Following the transaction, the director now directly owns 19,841 shares in the company, valued at approximately $512,493.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Alicia Syrett also recently made the following trade(s):

• On Wednesday, May 15th, Alicia Syrett sold 1,500 shares of Digimarc stock. The shares were sold at an average price of $25.48, for a total value of $38,220.00.
• On Thursday, May 9th, Alicia Syrett sold 3,000 shares of Digimarc stock. The shares were sold at an average price of $23.15, for a total value of $69,450.00.
• On Tuesday, May 7th, Alicia Syrett sold 1,500 shares of Digimarc stock. The stock was sold at an average price of $22.87, for a total value of $34,305.00.

Digimarc Trading Up 1.7 %

NASDAQ DMRC traded up $0.46 during midday trading on Wednesday, hitting $26.88. The company had a trading volume of 216,065 shares, compared to its average volume of 135,791. The company has a market capitalization of $574.43 million, a PE ratio of -12.92 and a beta of 1.18. The firm has a 50-day moving average price of $24.60 and a 200-day moving average price of $31.46. Digimarc Co. has a twelve month low of $21.00 and a twelve month high of $43.43.

Digimarc (NASDAQ:DMRC - Get Free Report) last issued its earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) earnings per share (EPS) for the quarter. Digimarc had a negative return on equity of 46.01% and a negative net margin of 114.38%. The firm had revenue of $9.28 million during the quarter.

Institutional Investors Weigh In On Digimarc

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its position in shares of Digimarc by 18.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,824 shares of the information technology services provider's stock valued at $102,000 after buying an additional 443 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Digimarc during the 4th quarter valued at about $133,000. Barclays PLC boosted its position in shares of Digimarc by 79.0% during the 3rd quarter. Barclays PLC now owns 5,070 shares of the information technology services provider's stock valued at $165,000 after purchasing an additional 2,238 shares in the last quarter. McCollum Christoferson Group LLC bought a new stake in shares of Digimarc during the 3rd quarter valued at about $231,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Digimarc during the 3rd quarter valued at about $240,000. Institutional investors own 66.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Digimarc in a research note on Monday, May 6th. Craig Hallum cut their price target on Digimarc from $35.00 to $28.00 and set a "hold" rating on the stock in a research note on Friday, May 3rd.

About Digimarc

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.