Vanguard Group Inc. grew its holdings in Digimarc Corporation (NASDAQ:DMRC) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 444,335 shares of the information technology services provider’s stock after purchasing an additional 11,296 shares during the period. Vanguard Group Inc. owned about 4.13% of Digimarc Corporation worth $17,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Marathon Capital Management increased its holdings in shares of Digimarc Corporation by 0.5% in the 2nd quarter. Marathon Capital Management now owns 59,605 shares of the information technology services provider’s stock valued at $2,393,000 after purchasing an additional 275 shares during the period. American International Group Inc. increased its holdings in shares of Digimarc Corporation by 8.1% in the 1st quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock valued at $140,000 after purchasing an additional 391 shares during the period. Bank of America Corp DE increased its holdings in shares of Digimarc Corporation by 2.1% in the 1st quarter. Bank of America Corp DE now owns 20,857 shares of the information technology services provider’s stock valued at $563,000 after purchasing an additional 431 shares during the period. Rhumbline Advisers increased its holdings in shares of Digimarc Corporation by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock valued at $452,000 after purchasing an additional 820 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Digimarc Corporation by 5.4% in the 2nd quarter. Teachers Advisors LLC now owns 17,561 shares of the information technology services provider’s stock valued at $705,000 after purchasing an additional 893 shares during the period. Institutional investors own 51.28% of the company’s stock.

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In related news, Director Bernard Whitney sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the director now owns 33,630 shares of the company’s stock, valued at approximately $1,177,050. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Joel Meyer sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total value of $245,210.00. Following the completion of the sale, the executive vice president now directly owns 63,551 shares of the company’s stock, valued at approximately $2,226,191.53. The disclosure for this sale can be found here. In the last three months, insiders sold 17,000 shares of company stock valued at $596,710. 7.50% of the stock is currently owned by company insiders.

Shares of Digimarc Corporation (NASDAQ:DMRC) opened at $36.35 on Friday. Digimarc Corporation has a 12 month low of $24.20 and a 12 month high of $41.75.

Digimarc Corporation (NASDAQ:DMRC) last announced its quarterly earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.30. The business had revenue of $8.68 million during the quarter, compared to analysts’ expectations of $5.72 million. Digimarc Corporation had a negative return on equity of 30.98% and a negative net margin of 90.69%. The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.55) EPS. analysts forecast that Digimarc Corporation will post -2.44 EPS for the current fiscal year.

A number of brokerages have recently weighed in on DMRC. Zacks Investment Research upgraded Digimarc Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 16th. B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of Digimarc Corporation in a report on Tuesday. Cowen and Company set a $50.00 target price on Digimarc Corporation and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, BidaskClub cut Digimarc Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Digimarc Corporation has an average rating of “Hold” and a consensus price target of $45.75.

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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