Alicia Syrett Sells 1,500 Shares of Digimarc Co. (NASDAQ:DMRC) Stock

Digimarc Co. (NASDAQ:DMRC) Director Alicia Syrett sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $22.87, for a total value of $34,305.00. Following the sale, the director now owns 29,687 shares in the company, valued at $678,941.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Digimarc Price Performance

Digimarc stock traded up $0.74 during mid-day trading on Thursday, hitting $23.24. 75,781 shares of the company were exchanged, compared to its average volume of 132,890. Digimarc Co. has a 12-month low of $19.87 and a 12-month high of $43.43. The company has a market capitalization of $496.71 million, a P/E ratio of -10.82 and a beta of 1.18. The business’s 50 day simple moving average is $26.04 and its two-hundred day simple moving average is $31.58.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings data on Wednesday, February 28th. The information technology services provider reported ($0.41) EPS for the quarter. The company had revenue of $9.28 million for the quarter. Digimarc had a negative return on equity of 48.42% and a negative net margin of 114.38%.

Hedge Funds Weigh In On Digimarc

Institutional investors and hedge funds have recently modified their holdings of the company. Silverberg Bernstein Capital Management LLC acquired a new position in Digimarc in the fourth quarter valued at $15,531,000. Swiss National Bank purchased a new position in shares of Digimarc in the 3rd quarter worth about $1,017,000. Barclays PLC increased its position in Digimarc by 79.0% during the 3rd quarter. Barclays PLC now owns 5,070 shares of the information technology services provider’s stock worth $165,000 after purchasing an additional 2,238 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Digimarc in the third quarter worth $240,000. Finally, Vanguard Group Inc. raised its stake in shares of Digimarc by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,121,044 shares of the information technology services provider’s stock valued at $36,423,000 after acquiring an additional 25,679 shares during the period. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DMRC. Needham & Company LLC reiterated a “hold” rating on shares of Digimarc in a research report on Monday. Craig Hallum reduced their price target on shares of Digimarc from $35.00 to $28.00 and set a “hold” rating on the stock in a report 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.