Digimarc (NASDAQ:DMRC) Shares Cross Below 200 Day Moving Average – What’s Next?

Digimarc Corporation (NASDAQ:DMRC)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.48 and traded as low as $6.41. Digimarc shares last traded at $6.61, with a volume of 253,977 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Digimarc in a research report on Monday, April 20th. Wall Street Zen upgraded Digimarc from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Needham & Company LLC increased their price target on shares of Digimarc from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.00.

Digimarc Trading Down 13.6%

The firm’s fifty day moving average price is $10.32 and its 200 day moving average price is $7.48. The firm has a market capitalization of $147.01 million, a PE ratio of -5.20 and a beta of 2.27.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings results on Tuesday, May 12th. The information technology services provider reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.29. Digimarc had a negative net margin of 85.75% and a negative return on equity of 21.81%. The business had revenue of $7.58 million for the quarter, compared to the consensus estimate of $7.05 million.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Digimarc by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,330,053 shares of the information technology services provider’s stock worth $12,995,000 after purchasing an additional 30,258 shares in the last quarter. Silverberg Bernstein Capital Management LLC grew its stake in shares of Digimarc by 7.6% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 779,255 shares of the information technology services provider’s stock valued at $3,826,000 after buying an additional 55,110 shares in the last quarter. Lagoda Investment Management L.P. grew its stake in shares of Digimarc by 2.4% in the 3rd quarter. Lagoda Investment Management L.P. now owns 761,345 shares of the information technology services provider’s stock valued at $7,438,000 after buying an additional 17,920 shares in the last quarter. Kimelman & Baird LLC increased its holdings in Digimarc by 7.2% in the fourth quarter. Kimelman & Baird LLC now owns 680,817 shares of the information technology services provider’s stock worth $4,466,000 after buying an additional 45,447 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Digimarc by 12.8% during the first quarter. Private Advisor Group LLC now owns 502,001 shares of the information technology services provider’s stock valued at $2,465,000 after acquiring an additional 56,829 shares in the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

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.