Digimarc Corporation $DMRC Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Digimarc Corporation (NASDAQ:DMRC) by 179.6% in the 1st quarter, HoldingsChannel reports. The fund owned 293,249 shares of the information technology services provider’s stock after acquiring an additional 188,361 shares during the quarter. Quantinno Capital Management LP’s holdings in Digimarc were worth $1,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in shares of Digimarc during the 1st quarter worth $820,000. IMC Chicago LLC purchased a new position in shares of Digimarc in the 1st quarter valued at about $82,000. Bryant Woods Investment Advisors LLC increased its holdings in shares of Digimarc by 34.2% in the 1st quarter. Bryant Woods Investment Advisors LLC now owns 95,904 shares of the information technology services provider’s stock valued at $471,000 after purchasing an additional 24,438 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Digimarc by 12.8% in 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 purchasing an additional 56,829 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Digimarc by 296.9% during the first quarter. Janney Montgomery Scott LLC now owns 55,034 shares of the information technology services provider’s stock worth $270,000 after buying an additional 41,168 shares in the last quarter. Institutional investors and hedge funds own 66.85% of the company’s stock.

Digimarc Trading Down 5.6%

Shares of NASDAQ DMRC opened at $7.04 on Friday. The stock has a market cap of $157.77 million, a price-to-earnings ratio of -5.54 and a beta of 2.30. Digimarc Corporation has a 52 week low of $4.07 and a 52 week high of $17.47. The company’s 50-day moving average price is $7.99 and its 200 day moving average price is $7.49.

Digimarc (NASDAQ:DMRC) last posted its earnings results on Thursday, August 13th. The information technology services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.25. The firm had revenue of $7.39 million during the quarter, compared to the consensus estimate of $7.10 million. Digimarc had a negative net margin of 85.75% and a negative return on equity of 21.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DMRC. Wall Street Zen raised shares of Digimarc to a “hold” rating in a report on Saturday, July 18th. Needham & Company LLC boosted their price target on Digimarc from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Digimarc in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.00.

About Digimarc

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.