Wall Street Zen Downgrades Digimarc (NASDAQ:DMRC) to Sell

Digimarc (NASDAQ:DMRC) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Digimarc in a research note on Friday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Digimarc in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

Digimarc Price Performance

Shares of DMRC stock opened at $7.53 on Friday. Digimarc has a 12 month low of $4.07 and a 12 month high of $17.47. The firm has a market cap of $168.75 million, a PE ratio of -5.27 and a beta of 2.30. The stock has a 50 day moving average of $7.87 and a 200-day moving average of $7.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Digimarc in the first quarter valued at approximately $128,000. Engineers Gate Manager LP acquired a new stake in shares of Digimarc during the second quarter worth $132,000. Invesco Ltd. bought a new stake in Digimarc in the 4th quarter valued at $78,000. Jump Financial LLC bought a new stake in Digimarc in the 2nd quarter valued at $163,000. Finally, Voleon Capital Management LP acquired a new position in Digimarc in the 3rd quarter worth $129,000. Institutional investors and hedge funds own 66.85% of the company’s stock.

Digimarc Company Profile

Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.

The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.