Digimarc Co. (NASDAQ:DMRC) Short Interest Update

Digimarc Co. (NASDAQ:DMRCGet Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 2,230,000 shares, a decline of 7.1% from the April 15th total of 2,400,000 shares. Currently, 15.3% of the company’s shares are short sold. Based on an average daily volume of 154,100 shares, the days-to-cover ratio is presently 14.5 days.

Insider Activity

In other Digimarc news, Director Milena Alberti-Perez sold 4,900 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $30.84, for a total value of $151,116.00. Following the transaction, the director now directly owns 14,487 shares of the company’s stock, valued at $446,779.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Milena Alberti-Perez sold 4,900 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.84, for a total transaction of $151,116.00. Following the transaction, the director now owns 14,487 shares of the company’s stock, valued at approximately $446,779.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $26.91, for a total value of $53,820.00. Following the completion of the sale, the executive vice president now directly owns 41,259 shares of the company’s stock, valued at $1,110,279.69. The disclosure for this sale can be found here. Insiders have sold 15,900 shares of company stock valued at $418,971 in the last ninety days. 19.30% of the stock is owned by company insiders.

Institutional Trading of Digimarc

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Digimarc by 18.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,824 shares of the information technology services provider’s stock worth $102,000 after purchasing an additional 443 shares in the last quarter. SG Americas Securities LLC purchased a new position in Digimarc during the fourth quarter valued at approximately $133,000. Barclays PLC increased its holdings 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 acquiring an additional 2,238 shares during the period. McCollum Christoferson Group LLC purchased a new stake in Digimarc in the 3rd quarter worth approximately $231,000. Finally, Kestra Advisory Services LLC bought a new position in Digimarc in the 3rd quarter valued at $240,000. 66.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Craig Hallum decreased their price target on shares of Digimarc from $35.00 to $28.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Digimarc in a report on Monday, May 6th.

View Our Latest Analysis on DMRC

Digimarc Price Performance

Shares of Digimarc stock opened at $25.23 on Friday. The stock has a fifty day moving average price of $24.86 and a 200-day moving average price of $31.44. The firm has a market cap of $539.17 million, a PE ratio of -12.13 and a beta of 1.18. Digimarc has a 1 year low of $21.00 and a 1 year high of $43.43.

Digimarc (NASDAQ:DMRCGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The information technology services provider reported ($0.41) EPS for the quarter. Digimarc had a negative return on equity of 46.01% and a negative net margin of 114.38%. The company had revenue of $9.28 million during the quarter.

Digimarc Company Profile

(Get Free Report)

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.

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