Digimarc Co. (NASDAQ:DMRC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.85 and traded as high as $35.24. Digimarc shares last traded at $35.11, with a volume of 139,163 shares changing hands.
Analysts Set New Price Targets
Separately, Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of Digimarc in a research note on Friday, November 15th.
View Our Latest Research Report on DMRC
Digimarc Stock Down 3.3 %
The firm has a market capitalization of $726.89 million, a P/E ratio of -17.49 and a beta of 1.66. The business's 50 day moving average is $38.63 and its two-hundred day moving average is $32.88.
Institutional Trading of Digimarc
A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its stake in shares of Digimarc by 240.9% during the third quarter. Barclays PLC now owns 25,172 shares of the information technology services provider's stock valued at $677,000 after acquiring an additional 17,788 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Digimarc during the 4th quarter valued at $574,000. Woodson Capital Management LP raised its stake in shares of Digimarc by 18.5% in the 3rd quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider's stock worth $12,248,000 after buying an additional 71,126 shares in the last quarter. FMR LLC raised its stake in shares of Digimarc by 201.6% in the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider's stock worth $134,000 after buying an additional 3,331 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Digimarc by 41.5% in the third quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider's stock valued at $247,000 after buying an additional 2,695 shares during the period. 66.85% of the stock is owned by institutional investors and hedge funds.
About Digimarc
(
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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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