Digimarc Co. (NASDAQ:DMRC) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in Digimarc Co. (NASDAQ:DMRC) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,269 shares of the information technology services provider’s stock after selling 2,015 shares during the quarter. Inspire Investing LLC owned approximately 0.05% of Digimarc worth $349,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DMRC. Goldman Sachs Group Inc. boosted its holdings in Digimarc by 1,834.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock worth $19,793,000 after purchasing an additional 519,643 shares during the period. Beaconlight Capital LLC boosted its holdings in Digimarc by 34.7% in the first quarter. Beaconlight Capital LLC now owns 778,017 shares of the information technology services provider’s stock worth $21,147,000 after purchasing an additional 200,251 shares during the period. Woodson Capital Management LP acquired a new position in Digimarc in the first quarter worth $2,718,000. Prelude Capital Management LLC boosted its holdings in Digimarc by 16.6% in the fourth quarter. Prelude Capital Management LLC now owns 158,477 shares of the information technology services provider’s stock worth $5,724,000 after purchasing an additional 22,620 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Digimarc by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,169,976 shares of the information technology services provider’s stock worth $31,800,000 after purchasing an additional 19,460 shares during the period. Institutional investors and hedge funds own 66.85% of the company’s stock.

Digimarc Stock Down 0.9 %

DMRC stock opened at $27.88 on Tuesday. The company has a market capitalization of $595.88 million, a P/E ratio of -13.40 and a beta of 1.70. The company has a 50-day simple moving average of $29.34 and a 200 day simple moving average of $27.59. Digimarc Co. has a fifty-two week low of $21.00 and a fifty-two week high of $43.43.

Digimarc (NASDAQ:DMRC) last issued its quarterly earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.04. Digimarc had a negative net margin of 105.98% and a negative return on equity of 41.60%. The firm had revenue of $10.38 million for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Digimarc in a report on Wednesday, August 14th. StockNews.com raised shares of Digimarc to a “sell” rating in a report on Tuesday, September 17th.

Digimarc Profile

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.