Digimarc Co. (NASDAQ:DMRC - Get Free Report)'s stock price was down 8% on Tuesday . The stock traded as low as $33.00 and last traded at $32.29. Approximately 68,001 shares changed hands during trading, a decline of 59% from the average daily volume of 166,957 shares. The stock had previously closed at $35.11.
Analyst Ratings Changes
Separately, Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price target on shares of Digimarc in a report on Friday, November 15th.
Check Out Our Latest Analysis on Digimarc
Digimarc Trading Down 5.0 %
The firm has a fifty day simple moving average of $38.25 and a 200 day simple moving average of $32.84. The stock has a market cap of $588.19 million, a price-to-earnings ratio of -14.08 and a beta of 1.66.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in DMRC. KLP Kapitalforvaltning AS bought a new position in shares of Digimarc in the 4th quarter worth $105,000. SG Americas Securities LLC bought a new position in shares of Digimarc in the 3rd quarter worth $106,000. Tower Research Capital LLC TRC boosted its position in shares of Digimarc by 469.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,951 shares of the information technology services provider's stock worth $111,000 after purchasing an additional 2,433 shares during the last quarter. FMR LLC boosted its position 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 purchasing an additional 3,331 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Digimarc by 28.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider's stock worth $210,000 after buying an additional 1,724 shares during the period. 66.85% of the stock is currently owned by institutional investors.
About Digimarc
(
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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