Digimarc Co. (NASDAQ:DMRC) Stock Position Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in Digimarc Co. (NASDAQ:DMRC) by 68.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,700 shares of the information technology services provider’s stock after selling 46,900 shares during the period. Renaissance Technologies LLC owned approximately 0.10% of Digimarc worth $673,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DMRC. Prelude Capital Management LLC raised its holdings in Digimarc by 16.6% during 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 in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 valued at $19,793,000 after buying an additional 519,643 shares during the period. Silverberg Bernstein Capital Management LLC boosted its stake in Digimarc by 0.7% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 433,053 shares of the information technology services provider’s stock valued at $11,770,000 after buying an additional 3,079 shares in the last quarter. Private Advisor Group LLC grew its holdings in Digimarc by 2.7% during the first quarter. Private Advisor Group LLC now owns 337,024 shares of the information technology services provider’s stock worth $9,160,000 after acquiring an additional 8,875 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Digimarc by 10.4% in the first quarter. BNP Paribas Financial Markets now owns 12,770 shares of the information technology services provider’s stock worth $347,000 after acquiring an additional 1,207 shares in the last quarter. Institutional investors and hedge funds own 66.85% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Digimarc to a “sell” rating in a report on Tuesday, September 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Digimarc in a report on Wednesday, August 14th.

Digimarc Stock Performance

DMRC opened at $28.73 on Wednesday. Digimarc Co. has a twelve month low of $21.00 and a twelve month high of $43.43. The business has a 50 day moving average price of $27.97 and a 200 day moving average price of $27.48. The firm has a market cap of $614.05 million, a P/E ratio of -13.81 and a beta of 1.70.

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

Digimarc Company 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.