Fintel reports that on June 24, 2024, Needham upgraded their outlook for Digimarc (NasdaqGS:DMRC) from Hold to Buy.
Analyst Price Forecast Suggests 8.84% Upside
As of June 12, 2024, the average one-year price target for Digimarc is 28.56. The forecasts range from a low of 28.28 to a high of $29.40. The average price target represents an increase of 8.84% from its latest reported closing price of 26.24.
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The projected annual revenue for Digimarc is 37MM, an increase of 1.26%. The projected annual non-GAAP EPS is -2.29.
What is the Fund Sentiment?
There are 199 funds or institutions reporting positions in Digimarc. This is an decrease of 3 owner(s) or 1.49% in the last quarter. Average portfolio weight of all funds dedicated to DMRC is 0.36%, an increase of 20.11%. Total shares owned by institutions increased in the last three months by 1.87% to 12,097K shares. 
The put/call ratio of DMRC is 0.15, indicating a bullish outlook.
What are Other Shareholders Doing?
Altai Capital Management holds 2,883K shares representing 13.55% ownership of the company. In its prior filing, the firm reported owning 2,880K shares , representing an increase of 0.10%. The firm decreased its portfolio allocation in DMRC by 23.33% over the last quarter.
Beaconlight Capital holds 778K shares representing 3.66% ownership of the company. In its prior filing, the firm reported owning 578K shares , representing an increase of 25.74%. The firm decreased its portfolio allocation in DMRC by 4.19% over the last quarter.
Baillie Gifford holds 721K shares representing 3.39% ownership of the company. In its prior filing, the firm reported owning 722K shares , representing a decrease of 0.20%. The firm decreased its portfolio allocation in DMRC by 72.06% over the last quarter.
Lagoda Investment Management holds 684K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 656K shares , representing an increase of 4.01%. The firm decreased its portfolio allocation in DMRC by 29.34% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 495K shares representing 2.33% ownership of the company. In its prior filing, the firm reported owning 495K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in DMRC by 31.28% over the last quarter.
Digimarc Background Information
(This description is provided by the company.)
Digimarc Corporation is the inventor of the Digimarc Platform that enables a more efficient, reliable and economical means of automatic identification. The Digimarc Platform can apply a unique identifier to virtually all media objects-including product packaging, commercial print, audio and video-that can be automatically identified by an enabled ecosystem of industrial scanners, smartphones and other interfaces. The Platform enables applications and solutions including brand protection, traceability, and recycling that benefit retailers and consumer brands, national and state government agencies, media and entertainment industries, and others. Digimarc is based in Beaverton, Oregon, with a growing supplier network around the world.
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This story originally appeared on Fintel.
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