Lagoda Investment Management L.P. raised its position in Digimarc Corporation (NASDAQ:DMRC) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 666,546 shares of the information technology services provider’s stock after purchasing an additional 58,053 shares during the quarter. Digimarc Corporation accounts for approximately 10.2% of Lagoda Investment Management L.P.’s holdings, making the stock its largest holding. Lagoda Investment Management L.P. owned 6.19% of Digimarc Corporation worth $26,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wolverine Trading LLC acquired a new stake in shares of Digimarc Corporation in the 2nd quarter valued at about $272,000. Senvest Management LLC raised its stake in shares of Digimarc Corporation by 1.5% in the 2nd quarter. Senvest Management LLC now owns 1,004,234 shares of the information technology services provider’s stock valued at $40,320,000 after purchasing an additional 15,152 shares during the period. Hood River Capital Management LLC raised its stake in shares of Digimarc Corporation by 2.6% in the 2nd quarter. Hood River Capital Management LLC now owns 306,215 shares of the information technology services provider’s stock valued at $12,295,000 after purchasing an additional 7,818 shares during the period. FMR LLC acquired a new stake in shares of Digimarc Corporation in the 2nd quarter valued at about $6,413,000. Finally, Vanguard Group Inc. raised its stake in shares of Digimarc Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 444,335 shares of the information technology services provider’s stock valued at $17,840,000 after purchasing an additional 11,296 shares during the period. 52.75% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Digimarc Corporation in a research note on Monday, July 24th. Zacks Investment Research downgraded Digimarc Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen and Company reaffirmed a “buy” rating and issued a $50.00 target price on shares of Digimarc Corporation in a research report on Sunday, September 17th. BidaskClub downgraded Digimarc Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Needham & Company LLC lifted their target price on Digimarc Corporation from $33.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.75.

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Digimarc Corporation (NASDAQ:DMRC) remained flat at $36.35 during mid-day trading on Thursday. 19,259 shares of the stock traded hands. Digimarc Corporation has a 1-year low of $24.20 and a 1-year high of $41.75. The company has a 50-day moving average of $31.48 and a 200 day moving average of $31.45. The stock’s market capitalization is $391.49 million.

Digimarc Corporation (NASDAQ:DMRC) last announced its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.68). Digimarc Corporation had a negative net margin of 107.49% and a negative return on equity of 32.18%. The business had revenue of $5.59 million for the quarter, compared to analysts’ expectations of $5.69 million. During the same quarter last year, the firm earned ($0.62) EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts predict that Digimarc Corporation will post ($2.68) earnings per share for the current fiscal year.

Digimarc Corporation Profile

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.

Institutional Ownership by Quarter for Digimarc Corporation (NASDAQ:DMRC)

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