Digimarc Co. (NASDAQ:DMRC - Get Free Report) shot up 7.7% during trading on Friday . The company traded as high as $43.31 and last traded at $43.31. 48,954 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 119,857 shares. The stock had previously closed at $40.20.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on DMRC shares. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price objective on shares of Digimarc in a report on Friday, November 15th. StockNews.com upgraded Digimarc to a "sell" rating in a report on Tuesday, September 17th.
Read Our Latest Stock Analysis on Digimarc
Digimarc Stock Up 16.4 %
The stock's 50 day moving average is $34.56 and its two-hundred day moving average is $31.17. The company has a market capitalization of $1.00 billion, a PE ratio of -24.01 and a beta of 1.67.
Institutional Investors Weigh In On Digimarc
A number of institutional investors have recently added to or reduced their stakes in DMRC. Beaconlight Capital LLC boosted its position in shares of Digimarc by 3.4% in the 3rd quarter. Beaconlight Capital LLC now owns 801,084 shares of the information technology services provider's stock worth $21,533,000 after purchasing an additional 26,425 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in Digimarc in the second quarter valued at about $18,249,000. Silverberg Bernstein Capital Management LLC boosted its holdings in Digimarc by 4.0% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider's stock worth $12,363,000 after acquiring an additional 17,880 shares in the last quarter. Woodson Capital Management LP grew its stake in shares of 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 worth $12,248,000 after acquiring an additional 71,126 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Digimarc by 2.2% during the third quarter. Private Advisor Group LLC now owns 359,714 shares of the information technology services provider's stock valued at $9,669,000 after acquiring an additional 7,806 shares in the last quarter. Institutional investors own 66.85% of the company's stock.
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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