Stock Traders Buy Large Volume of Call Options on Digimarc (NASDAQ:DMRC)

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Digimarc Corp (NASDAQ:DMRC) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 4,092 call options on the stock. This represents an increase of approximately 2,265% compared to the average volume of 173 call options.

Shares of DMRC stock traded down $0.15 during trading hours on Thursday, reaching $34.10. The stock had a trading volume of 124,884 shares, compared to its average volume of 128,443. The firm has a market capitalization of $430.76 million, a PE ratio of -11.92 and a beta of -0.04. The firm has a 50-day simple moving average of $35.50 and a 200-day simple moving average of $42.29. Digimarc has a twelve month low of $14.03 and a twelve month high of $66.50.

Digimarc (NASDAQ:DMRC) last posted its earnings results on Wednesday, October 30th. The information technology services provider reported ($0.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.06. Digimarc had a negative net margin of 140.51% and a negative return on equity of 57.32%. The firm had revenue of $5.83 million during the quarter, compared to analyst estimates of $5.80 million. Analysts predict that Digimarc will post -2.81 EPS for the current year.

A number of analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Digimarc in a research report on Monday, November 4th. ValuEngine downgraded Digimarc from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Northland Securities restated a “buy” rating and set a $40.00 price objective on shares of Digimarc in a research report on Monday, November 4th. Finally, BidaskClub downgraded Digimarc from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Digimarc presently has an average rating of “Hold” and an average price target of $48.10.

In other Digimarc news, EVP Tony Rodriguez sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $35.00, for a total value of $70,000.00. Following the transaction, the executive vice president now owns 28,341 shares of the company’s stock, valued at $991,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.38% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of Digimarc by 3.8% during the third quarter. California State Teachers Retirement System now owns 18,265 shares of the information technology services provider’s stock worth $714,000 after buying an additional 661 shares during the period. Tower Research Capital LLC TRC increased its position in Digimarc by 1,710.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 1,710 shares during the period. SG Americas Securities LLC increased its position in Digimarc by 29.5% in the 3rd quarter. SG Americas Securities LLC now owns 18,438 shares of the information technology services provider’s stock valued at $721,000 after acquiring an additional 4,199 shares during the period. California Public Employees Retirement System raised its stake in Digimarc by 49.6% during the 3rd quarter. California Public Employees Retirement System now owns 12,713 shares of the information technology services provider’s stock valued at $497,000 after acquiring an additional 4,213 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Digimarc by 11.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 100,000 shares of the information technology services provider’s stock valued at $3,909,000 after acquiring an additional 10,000 shares in the last quarter. 64.31% of the stock is currently owned by institutional investors.

Digimarc Company Profile

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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