Goldman Sachs Group Inc. Acquires Shares of 36,161 Digimarc Corporation (NASDAQ:DMRC)
Goldman Sachs Group Inc. acquired a new position in Digimarc Corporation (NASDAQ:DMRC) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 36,161 shares of the information technology services provider’s stock, valued at approximately $976,000.
Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in Digimarc Corporation by 10.7% in the fourth quarter. State Street Corp now owns 143,696 shares of the information technology services provider’s stock worth $4,311,000 after buying an additional 13,930 shares during the period. Teachers Advisors LLC raised its position in Digimarc Corporation by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 13,884 shares of the information technology services provider’s stock worth $417,000 after buying an additional 881 shares during the period. WealthTrust Arizona LLC raised its position in Digimarc Corporation by 3.9% in the first quarter. WealthTrust Arizona LLC now owns 5,285 shares of the information technology services provider’s stock worth $143,000 after buying an additional 200 shares during the period. Janney Montgomery Scott LLC raised its position in Digimarc Corporation by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 61,525 shares of the information technology services provider’s stock worth $1,661,000 after buying an additional 5,100 shares during the period. Finally, Marathon Capital Management raised its position in Digimarc Corporation by 1.8% in the first quarter. Marathon Capital Management now owns 59,330 shares of the information technology services provider’s stock worth $1,602,000 after buying an additional 1,025 shares during the period. Hedge funds and other institutional investors own 54.94% of the company’s stock.
Digimarc Corporation (DMRC) traded up 0.70% during trading on Friday, reaching $28.65. The company’s stock had a trading volume of 76,399 shares. The stock’s 50 day moving average is $33.13 and its 200 day moving average is $29.88. The company’s market cap is $308.56 million. Digimarc Corporation has a 12 month low of $24.20 and a 12 month high of $41.75.
Digimarc Corporation (NASDAQ:DMRC) last released its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share for the quarter, hitting the consensus estimate of ($0.68). The firm had revenue of $5.59 million for the quarter, compared to analysts’ expectations of $5.69 million. Digimarc Corporation had a negative net margin of 107.49% and a negative return on equity of 32.18%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.62) earnings per share. On average, equities analysts expect that Digimarc Corporation will post ($2.69) EPS for the current fiscal year.
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A number of equities analysts have commented on DMRC shares. B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Digimarc Corporation in a research note on Tuesday, April 25th. ValuEngine upgraded Digimarc Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Needham & Company LLC raised their price objective on Digimarc Corporation from $33.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Cowen and Company raised their price objective on Digimarc Corporation from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 27th. Finally, Craig Hallum lowered Digimarc Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.75.
In related news, CEO Bruce L. Davis sold 700 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $38.17, for a total value of $26,719.00. Following the transaction, the chief executive officer now owns 57,144 shares of the company’s stock, valued at $2,181,186.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Charles Beck sold 1,000 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $40.33, for a total value of $40,330.00. Following the completion of the transaction, the chief financial officer now directly owns 39,075 shares in the company, valued at approximately $1,575,894.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,000 shares of company stock worth $601,820. Insiders own 7.50% of the company’s stock.
About Digimarc Corporation
Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.
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