Senvest Management LLC grew its position in Digimarc Corporation (NASDAQ:DMRC) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,004,234 shares of the information technology services provider’s stock after purchasing an additional 15,152 shares during the quarter. Digimarc Corporation comprises approximately 3.2% of Senvest Management LLC’s investment portfolio, making the stock its 10th biggest holding. Senvest Management LLC owned about 9.32% of Digimarc Corporation worth $40,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Marathon Capital Management grew its holdings in Digimarc Corporation by 0.5% in the second quarter. Marathon Capital Management now owns 59,605 shares of the information technology services provider’s stock worth $2,393,000 after purchasing an additional 275 shares during the last quarter. American International Group Inc. grew its holdings in 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 worth $140,000 after purchasing an additional 391 shares during the last quarter. Bank of America Corp DE grew its holdings in Digimarc Corporation by 2.1% in the first quarter. Bank of America Corp DE now owns 20,857 shares of the information technology services provider’s stock worth $563,000 after purchasing an additional 431 shares during the last quarter. Rhumbline Advisers grew its holdings in Digimarc Corporation by 7.9% in the second quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock worth $452,000 after purchasing an additional 820 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in Digimarc Corporation by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 13,884 shares of the information technology services provider’s stock worth $417,000 after purchasing an additional 881 shares during the last quarter. 52.75% of the stock is currently owned by institutional investors and hedge funds.

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

In other Digimarc Corporation news, CFO Charles Beck sold 1,000 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $40.33, for a total transaction of $40,330.00. Following the transaction, the chief financial officer now directly owns 39,075 shares of the company’s stock, valued at approximately $1,575,894.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bruce L. Davis sold 700 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $38.17, for a total transaction of $26,719.00. Following the transaction, the chief executive officer now directly owns 57,144 shares in the company, valued at $2,181,186.48. The disclosure for this sale can be found here. Insiders sold a total of 6,000 shares of company stock worth $233,330 over the last ninety days. Insiders own 7.50% of the company’s stock.

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Digimarc Corporation (NASDAQ:DMRC) last posted its earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.68). The firm had revenue of $5.59 million for the quarter, compared to the consensus estimate of $5.69 million. Digimarc Corporation had a negative net margin of 107.49% and a negative return on equity of 32.18%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted ($0.62) EPS.

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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Institutional Ownership by Quarter for Digimarc Corporation (NASDAQ:DMRC)

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