Shares of Digimarc Co. (NASDAQ:DMRC - Get Free Report) reached a new 52-week high during mid-day trading on Saturday . The company traded as high as $48.09 and last traded at $46.81, with a volume of 508596 shares changing hands. The stock had previously closed at $40.20.
Wall Street Analyst Weigh In
Several brokerages have commented on DMRC. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of Digimarc in a research note on Friday, November 15th. StockNews.com raised Digimarc to a "sell" rating in a research report on Tuesday, September 17th.
Get Our Latest Analysis on Digimarc
Digimarc Trading Up 16.4 %
The stock has a market capitalization of $1.00 billion, a P/E ratio of -24.01 and a beta of 1.67. The stock's 50 day simple moving average is $34.56 and its 200 day simple moving average is $31.21.
Hedge Funds Weigh In On Digimarc
A number of hedge funds have recently bought and sold shares of DMRC. JPMorgan Chase & Co. lifted its holdings in Digimarc by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider's stock worth $247,000 after buying an additional 2,695 shares during the last quarter. Barclays PLC lifted its stake in Digimarc by 240.9% during the third quarter. Barclays PLC now owns 25,172 shares of the information technology services provider's stock worth $677,000 after purchasing an additional 17,788 shares during the last quarter. Verition Fund Management LLC acquired a new position in Digimarc in the third quarter worth $216,000. Woodson Capital Management LP increased its stake in Digimarc by 18.5% during the third quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider's stock valued at $12,248,000 after purchasing an additional 71,126 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in shares of Digimarc during the third quarter worth $292,000. 66.85% of the stock is currently owned by institutional investors and hedge funds.
Digimarc Company Profile
(
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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.
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