Digimarc Co. (NASDAQ:DMRC - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.19 and traded as high as $32.38. Digimarc shares last traded at $32.18, with a volume of 68,708 shares changing hands.
Analyst Upgrades and Downgrades
DMRC has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of Digimarc in a report on Wednesday, August 14th. StockNews.com upgraded Digimarc to a "sell" rating in a report on Tuesday, September 17th.
Check Out Our Latest Report on DMRC
Digimarc Stock Up 2.3 %
The stock's 50 day moving average price is $28.92 and its two-hundred day moving average price is $28.25. The firm has a market capitalization of $705.15 million, a price-to-earnings ratio of -16.86 and a beta of 1.68.
Digimarc (NASDAQ:DMRC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.04. The company had revenue of $10.38 million during the quarter. Digimarc had a negative return on equity of 41.60% and a negative net margin of 105.98%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Kimelman & Baird LLC acquired a new stake in shares of Digimarc in the 2nd quarter valued at $18,249,000. Vanguard Group Inc. lifted its position in shares of Digimarc by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,169,976 shares of the information technology services provider's stock worth $31,800,000 after buying an additional 19,460 shares during the last quarter. Silverberg Bernstein Capital Management LLC boosted its stake in shares of Digimarc by 4.0% during the 3rd 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. Cubist Systematic Strategies LLC acquired a new position in shares of Digimarc during the 2nd quarter valued at about $439,000. Finally, Squarepoint Ops LLC bought a new position in shares of Digimarc in the 2nd quarter valued at approximately $747,000. Institutional investors and hedge funds own 66.85% of the company's stock.
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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