Digimarc (NASDAQ:DMRC) Lowered to “Sell” Rating by Wall Street Zen

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

A number of other equities analysts also recently weighed in on DMRC. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Digimarc in a research note on Friday. Weiss Ratings reissued a “sell (e+)” rating on shares of Digimarc in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.00.

Digimarc Price Performance

Shares of NASDAQ DMRC opened at $7.53 on Friday. Digimarc has a 1 year low of $4.07 and a 1 year high of $17.47. The stock has a market cap of $168.72 million, a P/E ratio of -5.27 and a beta of 2.30. The firm has a 50-day moving average of $7.87 and a 200 day moving average of $7.49.

Institutional Trading of Digimarc

Several institutional investors have recently bought and sold shares of DMRC. Turim 21 Investimentos Ltda. bought a new stake in Digimarc during the 2nd quarter valued at about $165,000. BlackRock Inc. bought a new position in shares of Digimarc in the second quarter worth approximately $8,747,000. Deutsche Bank AG bought a new position in shares of Digimarc in the second quarter worth approximately $226,000. Bank of New York Mellon Corp purchased a new stake in shares of Digimarc during the second quarter valued at approximately $1,930,000. Finally, Bank of America Corp DE grew its holdings in shares of Digimarc by 13.4% during the first quarter. Bank of America Corp DE now owns 19,700 shares of the information technology services provider’s stock valued at $97,000 after buying an additional 2,325 shares during the last quarter. 66.85% of the stock is owned by hedge funds and other institutional investors.

About Digimarc

Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.

The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.