Digimarc Co. (NASDAQ:DMRC) Shares Bought by Samjo Management LLC

Samjo Management LLC lifted its position in shares of Digimarc Co. (NASDAQ:DMRC) by 79.4% during the fourth quarter, HoldingsChannel reports. The firm owned 135,296 shares of the information technology services provider’s stock after purchasing an additional 59,896 shares during the quarter. Digimarc comprises about 1.9% of Samjo Management LLC’s holdings, making the stock its 18th largest holding. Samjo Management LLC’s holdings in Digimarc were worth $5,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DMRC. Vanguard Group Inc. lifted its holdings in Digimarc by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,308,979 shares of the information technology services provider’s stock worth $49,021,000 after buying an additional 5,726 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Digimarc by 3.0% in the fourth quarter. Private Advisor Group LLC now owns 370,394 shares of the information technology services provider’s stock valued at $13,871,000 after purchasing an additional 10,680 shares during the last quarter. Geode Capital Management LLC grew its stake in Digimarc by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 355,673 shares of the information technology services provider’s stock valued at $13,323,000 after purchasing an additional 935 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Digimarc by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 228,780 shares of the information technology services provider’s stock worth $8,568,000 after purchasing an additional 703 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Digimarc by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 122,654 shares of the information technology services provider’s stock valued at $4,593,000 after purchasing an additional 2,008 shares in the last quarter. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Needham & Company LLC dropped their price target on shares of Digimarc from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, February 27th.

Digimarc Stock Down 6.1 %

Shares of Digimarc stock opened at $11.57 on Friday. The business has a 50-day moving average price of $23.25 and a 200 day moving average price of $30.29. Digimarc Co. has a fifty-two week low of $11.35 and a fifty-two week high of $48.32. The firm has a market cap of $249.31 million, a P/E ratio of -5.93 and a beta of 1.61.

About Digimarc

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.