Vanguard Group Inc. boosted its stake in shares of Digimarc Corporation (NASDAQ:DMRC) by 9.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 433,039 shares of the information technology services provider’s stock after buying an additional 38,804 shares during the period. Vanguard Group Inc. owned approximately 4.25% of Digimarc Corporation worth $11,692,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DMRC. Primecap Management Co. CA boosted its stake in shares of Digimarc Corporation by 30.3% in the first quarter. Primecap Management Co. CA now owns 460,000 shares of the information technology services provider’s stock valued at $12,420,000 after buying an additional 107,000 shares during the last quarter. Formula Growth Ltd. boosted its stake in shares of Digimarc Corporation by 70.0% in the first quarter. Formula Growth Ltd. now owns 210,417 shares of the information technology services provider’s stock valued at $5,681,000 after buying an additional 86,607 shares during the last quarter. American International Group Inc. boosted its stake in shares of Digimarc Corporation by 8.1% in the first quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock valued at $140,000 after buying an additional 391 shares during the last quarter. Blair William & Co. IL purchased a new stake in shares of Digimarc Corporation during the first quarter valued at about $1,926,000. Finally, Hood River Capital Management LLC boosted its stake in shares of Digimarc Corporation by 3.2% in the first quarter. Hood River Capital Management LLC now owns 298,397 shares of the information technology services provider’s stock valued at $8,057,000 after buying an additional 9,293 shares during the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Digimarc Corporation (NASDAQ:DMRC) traded up 0.65% during trading on Thursday, hitting $31.10. The stock had a trading volume of 11,320 shares. The stock has a 50-day moving average price of $30.06 and a 200-day moving average price of $30.05. Digimarc Corporation has a 52 week low of $24.20 and a 52 week high of $41.75. The company’s market cap is $334.95 million.

Digimarc Corporation (NASDAQ:DMRC) last posted its earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.68). Digimarc Corporation had a negative net margin of 107.49% and a negative return on equity of 32.18%. The company had revenue of $5.59 million during the quarter, compared to analysts’ expectations of $5.69 million. During the same quarter in the previous year, the company posted ($0.62) earnings per share. Digimarc Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that Digimarc Corporation will post ($2.68) EPS for the current year.

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Several equities analysts have recently commented on the company. Cowen and Company upped their target price on Digimarc Corporation from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. Craig Hallum lowered Digimarc Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Needham & Company LLC upped their target price on Digimarc Corporation from $33.00 to $42.00 and gave the company a “buy” rating in a report on Monday, June 19th. ValuEngine raised Digimarc Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered Digimarc Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.75.

In related news, CFO Charles Beck sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $40.33, for a total value of $40,330.00. Following the completion of the transaction, the chief financial officer now owns 39,075 shares in the company, valued at approximately $1,575,894.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $37.75, for a total transaction of $75,500.00. Following the completion of the transaction, the insider now owns 29,887 shares of the company’s stock, valued at approximately $1,128,234.25. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock valued at $379,430 in the last quarter. 7.50% of the stock is currently owned by corporate insiders.

About Digimarc Corporation

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

Institutional Ownership by Quarter for Digimarc Corporation (NASDAQ:DMRC)

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