Janney Montgomery Scott LLC Has $3.09 Million Position in Digimarc Corporation (NASDAQ:DMRC)

Janney Montgomery Scott LLC boosted its stake in shares of Digimarc Corporation (NASDAQ:DMRC) by 25.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,933 shares of the information technology services provider’s stock after buying an additional 15,408 shares during the period. Janney Montgomery Scott LLC’s holdings in Digimarc Corporation were worth $3,089,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DMRC. Geode Capital Management LLC increased its stake in shares of Digimarc Corporation by 8.8% in the first quarter. Geode Capital Management LLC now owns 82,410 shares of the information technology services provider’s stock valued at $2,225,000 after buying an additional 6,675 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Digimarc Corporation by 9.8% in the first quarter. Vanguard Group Inc. now owns 433,039 shares of the information technology services provider’s stock valued at $11,692,000 after buying an additional 38,804 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of Digimarc Corporation by 30.3% in the first quarter. Primecap Management Co. CA now owns 460,000 shares of the information technology services provider’s stock valued at $12,420,000 after buying an additional 107,000 shares in the last quarter. Formula Growth Ltd. increased its stake in shares of Digimarc Corporation by 70.0% in the first quarter. Formula Growth Ltd. now owns 210,417 shares of the information technology services provider’s stock valued at $5,681,000 after buying an additional 86,607 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of Digimarc Corporation by 8.1% in the first quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock valued at $140,000 after buying an additional 391 shares in the last quarter. Institutional investors own 54.54% of the company’s stock.

Shares of Digimarc Corporation (DMRC) opened at 30.65 on Friday. The stock’s market cap is $330.10 million. The company’s 50-day moving average is $34.60 and its 200-day moving average is $29.73. Digimarc Corporation has a 12-month low of $24.20 and a 12-month high of $41.75.

Digimarc Corporation (NASDAQ:DMRC) last issued its earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.68). Digimarc Corporation had a negative return on equity of 32.18% and a negative net margin of 107.49%. The business had revenue of $5.59 million during the quarter, compared to analyst estimates of $5.69 million. During the same quarter in the previous year, the firm earned ($0.62) EPS. Digimarc Corporation’s revenue was up 2.4% on a year-over-year basis. On average, equities research analysts anticipate that Digimarc Corporation will post ($2.71) earnings per share for the current year.

Several brokerages have recently commented on DMRC. Cowen and Company increased their target price on shares of Digimarc Corporation from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. Craig Hallum downgraded shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Needham & Company LLC increased their target price on shares of Digimarc Corporation from $33.00 to $42.00 and gave the company a “buy” rating in a report on Monday, June 19th. ValuEngine upgraded shares of Digimarc Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Digimarc Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Digimarc Corporation presently has a consensus rating of “Hold” and an average price target of $45.75.

In other Digimarc Corporation news, insider Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $37.75, for a total value of $75,500.00. Following the completion of the transaction, the insider now owns 29,887 shares of the company’s stock, valued at approximately $1,128,234.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joel Meyer sold 7,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.77, for a total value of $222,390.00. Following the completion of the transaction, the executive vice president now directly owns 70,121 shares of the company’s stock, valued at approximately $2,227,744.17. The disclosure for this sale can be found here. In the last three months, insiders sold 17,000 shares of company stock valued at $601,820. 7.50% of the stock is owned by insiders.

Digimarc Corporation Company Profile

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

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