Geode Capital Management LLC Trims Stake in Digimarc Co. (NASDAQ:DMRC)

Geode Capital Management LLC cut its position in shares of Digimarc Co. (NASDAQ:DMRC) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 354,738 shares of the information technology services provider’s stock after selling 2,217 shares during the period. Geode Capital Management LLC owned approximately 1.66% of Digimarc worth $9,537,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DMRC. Beaconlight Capital LLC lifted its stake in Digimarc by 3.4% in the third quarter. Beaconlight Capital LLC now owns 801,084 shares of the information technology services provider’s stock worth $21,533,000 after purchasing an additional 26,425 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Digimarc during the 2nd quarter worth approximately $18,249,000. Silverberg Bernstein Capital Management LLC lifted its stake in shares of Digimarc by 4.0% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider’s stock worth $12,363,000 after acquiring an additional 17,880 shares during the last quarter. Woodson Capital Management LP boosted its holdings in Digimarc by 18.5% during the 3rd quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider’s stock valued at $12,248,000 after acquiring an additional 71,126 shares during the period. Finally, Private Advisor Group LLC grew its position in Digimarc by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 359,714 shares of the information technology services provider’s stock valued at $9,669,000 after acquiring an additional 7,806 shares during the last quarter. 66.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Digimarc in a research report on Friday, November 15th. StockNews.com upgraded shares of Digimarc to a “sell” rating in a report on Tuesday, September 17th.

Digimarc Stock Down 2.2 %

Shares of NASDAQ:DMRC opened at $37.45 on Thursday. The business’s 50 day moving average is $34.08 and its 200 day moving average is $30.96. The stock has a market cap of $802.22 million, a P/E ratio of -19.21 and a beta of 1.70. Digimarc Co. has a 52-week low of $21.00 and a 52-week high of $43.43.

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.