Digimarc Corp (NASDAQ:DMRC) shares reached a new 52-week high on Tuesday . The stock traded as high as $62.84 and last traded at $62.69, with a volume of 14195 shares traded. The stock had previously closed at $58.76.

Several research analysts have weighed in on DMRC shares. Zacks Investment Research downgraded shares of Digimarc from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. BidaskClub upgraded shares of Digimarc from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 25th. National Securities downgraded shares of Digimarc from a “buy” rating to a “neutral” rating in a research report on Monday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price target (up from $32.00) on shares of Digimarc in a research report on Tuesday, March 12th. Finally, ValuEngine upgraded shares of Digimarc from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $38.25.

The stock has a market cap of $772.55 million, a P/E ratio of -22.26 and a beta of 1.15.

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported ($0.74) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by ($0.02). The firm had revenue of $5.66 million for the quarter, compared to the consensus estimate of $5.48 million. Digimarc had a negative net margin of 154.70% and a negative return on equity of 55.04%. As a group, sell-side analysts forecast that Digimarc Corp will post -3.01 earnings per share for the current fiscal year.

In other news, EVP Tony Rodriguez sold 1,398 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $63.02, for a total transaction of $88,101.96. Following the sale, the executive vice president now directly owns 53,890 shares in the company, valued at approximately $3,396,147.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Aimee Arana sold 2,760 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $30.74, for a total transaction of $84,842.40. Following the sale, the executive vice president now owns 36,065 shares in the company, valued at $1,108,638.10. The disclosure for this sale can be found here. Insiders have sold a total of 52,373 shares of company stock worth $2,381,804 over the last 90 days. Insiders own 6.38% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. grew its stake in Digimarc by 4.9% during the fourth quarter. Baillie Gifford & Co. now owns 477,820 shares of the information technology services provider’s stock valued at $6,928,000 after acquiring an additional 22,297 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Digimarc by 12.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 47,547 shares of the information technology services provider’s stock valued at $689,000 after acquiring an additional 5,228 shares in the last quarter. PEAK6 Investments LLC purchased a new position in Digimarc during the fourth quarter valued at $292,000. Vanguard Group Inc. grew its stake in Digimarc by 4.1% during the third quarter. Vanguard Group Inc. now owns 552,117 shares of the information technology services provider’s stock valued at $17,364,000 after acquiring an additional 21,770 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Digimarc by 0.9% during the third quarter. BlackRock Inc. now owns 721,938 shares of the information technology services provider’s stock valued at $22,705,000 after acquiring an additional 6,457 shares in the last quarter. 57.92% of the stock is owned by institutional investors.

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Digimarc Company Profile (NASDAQ:DMRC)

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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