Digimarc (NASDAQ:DMRC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Digimarc (NASDAQ:DMRC) from a sell rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Digimarc in a report on Thursday, October 15th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Digimarc in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Digimarc currently has an average rating of “Hold” and a consensus target price of $15.00.

Digimarc Price Performance

DMRC stock opened at $8.75 on Friday. Digimarc has a 1 year low of $4.07 and a 1 year high of $17.47. The company has a market cap of $196.09 million, a P/E ratio of -6.12 and a beta of 2.44. The firm has a 50-day moving average of $6.17 and a 200 day moving average of $7.07.

Institutional Trading of Digimarc

Hedge funds have recently made changes to their positions in the stock. Kimelman & Baird LLC purchased a new stake in shares of Digimarc in the 2nd quarter worth approximately $8,985,000. BlackRock Inc. purchased a new position in Digimarc during the second quarter valued at $8,747,000. Beaconlight Capital LLC purchased a new position in Digimarc during the second quarter valued at $2,786,000. Private Advisor Group LLC raised its stake in Digimarc by 12.8% during the first quarter. Private Advisor Group LLC now owns 502,001 shares of the information technology services provider’s stock valued at $2,465,000 after buying an additional 56,829 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Digimarc in the second quarter worth $1,930,000. 66.85% of the stock is owned by institutional investors.

About Digimarc

Digimarc Corporation (NASDAQ: DMRC) develops digital watermarking and product identification technologies. Its platform embeds imperceptible, machine-readable identifiers into images, audio, video, printed materials and product packaging, enabling businesses and devices to recognize, authenticate and track physical and digital objects.

The company’s solutions support applications including brand protection, product authentication, supply-chain visibility, media management, content monetization and recycling.