Silverberg Bernstein Capital Management LLC Acquires 72,050 Shares of Digimarc Corporation $DMRC

Silverberg Bernstein Capital Management LLC increased its stake in shares of Digimarc Corporation (NASDAQ:DMRC) by 11.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 693,182 shares of the information technology services provider’s stock after purchasing an additional 72,050 shares during the quarter. Digimarc makes up approximately 4.1% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 8th largest position. Silverberg Bernstein Capital Management LLC owned about 3.20% of Digimarc worth $6,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sender Co & Partners Inc. purchased a new stake in Digimarc in the 2nd quarter worth approximately $229,000. Engineers Gate Manager LP acquired a new position in shares of Digimarc in the second quarter worth $132,000. Bridgeway Capital Management LLC purchased a new stake in shares of Digimarc during the second quarter worth $198,000. Jump Financial LLC purchased a new stake in shares of Digimarc during the second quarter worth $163,000. Finally, Quantbot Technologies LP acquired a new stake in Digimarc during the second quarter valued at $190,000. 66.85% of the stock is owned by hedge funds and other institutional investors.

Digimarc Stock Performance

DMRC opened at $7.94 on Thursday. The firm has a market cap of $172.77 million, a P/E ratio of -4.64 and a beta of 1.68. The business has a 50 day moving average price of $8.56 and a 200 day moving average price of $10.32. Digimarc Corporation has a twelve month low of $6.35 and a twelve month high of $48.32.

Digimarc (NASDAQ:DMRC) last released its quarterly earnings results on Thursday, October 30th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Digimarc had a negative net margin of 109.17% and a negative return on equity of 50.08%. The firm had revenue of $7.63 million during the quarter, compared to the consensus estimate of $7.75 million.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DMRC. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Digimarc in a research note on Wednesday, October 8th. Needham & Company LLC cut their price objective on shares of Digimarc from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.00.

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.