Shares of Digimarc Co. (NASDAQ:DMRC - Get Free Report) rose 7.2% during trading on Tuesday . The stock traded as high as $38.19 and last traded at $38.07. Approximately 84,054 shares were traded during trading, a decline of 32% from the average daily volume of 123,256 shares. The stock had previously closed at $35.50.
Analyst Upgrades and Downgrades
DMRC has been the subject of several analyst reports. StockNews.com raised shares of Digimarc to a "sell" rating in a research report on Tuesday, September 17th. Needham & Company LLC reissued a "buy" rating and issued a $40.00 target price on shares of Digimarc in a report on Friday, November 15th.
Read Our Latest Report on DMRC
Digimarc Stock Performance
The stock has a market capitalization of $823.64 million, a P/E ratio of -19.52 and a beta of 1.70. The company's 50-day moving average price is $32.21 and its 200 day moving average price is $30.18.
Institutional Investors Weigh In On Digimarc
A number of institutional investors have recently added to or reduced their stakes in the stock. West Branch Capital LLC bought a new position in shares of Digimarc during the second quarter worth $62,000. nVerses Capital LLC purchased a new position in shares of Digimarc during the second quarter valued at about $62,000. SG Americas Securities LLC bought a new stake in shares of Digimarc in the third quarter worth about $106,000. FMR LLC grew its holdings in Digimarc by 201.6% during the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider's stock valued at $134,000 after buying an additional 3,331 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Digimarc during the 2nd quarter valued at approximately $148,000. 66.85% of the stock is owned by hedge funds and other institutional investors.
Digimarc Company Profile
(
Get Free Report)
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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