Wall Street Zen Upgrades Digimarc (NASDAQ:DMRC) to “Hold”

Digimarc (NASDAQ:DMRC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently issued reports on DMRC. Weiss Ratings reissued a “sell (e+)” rating on shares of Digimarc in a research note on Thursday, October 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Digimarc in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Digimarc currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Digimarc Trading Up 0.7%

DMRC stock opened at $8.83 on Friday. The stock has a market cap of $197.88 million, a PE ratio of -6.17 and a beta of 2.44. Digimarc has a 12 month low of $4.07 and a 12 month high of $17.47. The company has a 50-day moving average price of $6.12 and a 200 day moving average price of $7.06.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DMRC. Versant Capital Management Inc bought a new stake in shares of Digimarc during the third quarter valued at approximately $51,000. AXQ Capital LP bought a new position in shares of Digimarc during the 2nd quarter worth $95,000. Bank of America Corp DE purchased a new position in shares of Digimarc during the second quarter valued at $134,000. IMC Chicago LLC bought a new stake in shares of Digimarc in the first quarter valued at about $82,000. Finally, Turim 21 Investimentos Ltda. purchased a new stake in Digimarc in the second quarter worth about $165,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Digimarc Company Profile

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.