Digimarc Corp (NASDAQ:DMRC)’s share price hit a new 52-week high on Wednesday . The company traded as high as $62.10 and last traded at $59.04, with a volume of 228753 shares traded. The stock had previously closed at $59.39.

Several research firms have recently commented on DMRC. Zacks Investment Research downgraded Digimarc from a “hold” rating to a “sell” rating in a research report on Monday. National Securities lowered Digimarc from a “buy” rating to a “neutral” rating in a report on Monday, May 6th. Craig Hallum upgraded Digimarc from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, May 2nd. BidaskClub upgraded Digimarc from a “buy” rating to a “strong-buy” rating in a report on Monday, February 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $34.00 price objective (up previously from $32.00) on shares of Digimarc in a report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $38.25.

The company has a market capitalization of $667.40 million, a PE ratio of -21.00 and a beta of 1.15.

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.02). The business had revenue of $5.66 million during the quarter, compared to analysts’ expectations of $5.48 million. Digimarc had a negative return on equity of 55.04% and a negative net margin of 154.70%. Research analysts anticipate that Digimarc Corp will post -3.01 EPS for the current fiscal year.

In other Digimarc news, EVP Aimee Arana sold 2,760 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $30.74, for a total value of $84,842.40. Following the transaction, the executive vice president now directly owns 36,065 shares of the company’s stock, valued at approximately $1,108,638.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Joel Meyer sold 2,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $57.38, for a total value of $114,760.00. Following the completion of the transaction, the executive vice president now directly owns 74,479 shares in the company, valued at $4,273,605.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,975 shares of company stock valued at $2,293,702. Company insiders own 6.38% of the company’s stock.

A number of hedge funds have recently modified their holdings of DMRC. Charles Schwab Investment Management Inc. increased its holdings in shares of Digimarc by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,149 shares of the information technology services provider’s stock valued at $821,000 after acquiring an additional 1,220 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Digimarc by 58,800.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,356 shares of the information technology services provider’s stock valued at $74,000 after buying an additional 2,352 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in Digimarc by 66.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 6,573 shares of the information technology services provider’s stock valued at $207,000 after buying an additional 2,630 shares during the last quarter. Northern Trust Corp grew its holdings in Digimarc by 2.0% in the 1st quarter. Northern Trust Corp now owns 157,046 shares of the information technology services provider’s stock valued at $4,929,000 after buying an additional 3,012 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Digimarc by 17.5% in the 4th quarter. Bank of America Corp DE now owns 23,737 shares of the information technology services provider’s stock valued at $344,000 after buying an additional 3,541 shares during the last quarter. 58.18% of the stock is currently owned by institutional investors.

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About Digimarc (NASDAQ:DMRC)

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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