Digimarc Co. (NASDAQ:DMRC) is Bryant Woods Investment Advisors LLC’s 10th Largest Position

Bryant Woods Investment Advisors LLC lessened its holdings in shares of Digimarc Co. (NASDAQ:DMRC) by 7.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 70,157 shares of the information technology services provider’s stock after selling 5,272 shares during the quarter. Digimarc comprises approximately 1.8% of Bryant Woods Investment Advisors LLC’s portfolio, making the stock its 10th biggest position. Bryant Woods Investment Advisors LLC’s holdings in Digimarc were worth $2,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Digimarc by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,169,976 shares of the information technology services provider’s stock valued at $31,800,000 after purchasing an additional 19,460 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Digimarc by 1,834.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock valued at $19,793,000 after acquiring an additional 519,643 shares during the period. Janney Montgomery Scott LLC boosted its position in Digimarc by 9.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 63,728 shares of the information technology services provider’s stock worth $1,732,000 after purchasing an additional 5,483 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Digimarc by 1.7% during the 4th quarter. Private Advisor Group LLC now owns 328,149 shares of the information technology services provider’s stock worth $11,853,000 after purchasing an additional 5,618 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Digimarc by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,185 shares of the information technology services provider’s stock valued at $413,000 after purchasing an additional 495 shares in the last quarter. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DMRC has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Digimarc in a research report on Wednesday, August 14th. Craig Hallum reduced their price target on Digimarc from $35.00 to $28.00 and set a “hold” rating for the company in a report on Friday, May 3rd.

Digimarc Stock Performance

Shares of DMRC stock traded up $1.29 on Friday, reaching $28.81. 86,513 shares of the company were exchanged, compared to its average volume of 131,915. The company has a market cap of $615.76 million, a price-to-earnings ratio of -13.85 and a beta of 1.73. Digimarc Co. has a 1 year low of $21.00 and a 1 year high of $43.43. The business has a 50-day moving average price of $30.07 and a 200 day moving average price of $28.99.

Digimarc (NASDAQ:DMRC) last released its earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.04. Digimarc had a negative return on equity of 46.01% and a negative net margin of 114.38%. The business had revenue of $10.38 million for the quarter.

About Digimarc

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.