Digimarc (NASDAQ:DMRC) Shares Up 7.2% – What’s Next?

Shares of Digimarc Co. (NASDAQ:DMRC) traded up 7.2% during trading on Tuesday . The stock traded as high as $38.19 and last traded at $38.07. 84,054 shares were traded during mid-day trading, a decline of 32% from the average session volume of 123,256 shares. The stock had previously closed at $35.50.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Digimarc in a research report on Friday, November 15th. StockNews.com raised shares of Digimarc to a “sell” rating in a research report on Tuesday, September 17th.

Digimarc Stock Down 1.5 %

The firm has a market cap of $776.51 million, a PE ratio of -18.59 and a beta of 1.70. The business has a 50-day moving average price of $32.74 and a two-hundred day moving average price of $30.35.

Institutional Investors Weigh In On Digimarc

A number of hedge funds have recently bought and sold shares of the stock. West Branch Capital LLC purchased a new position in Digimarc in the second quarter valued at $62,000. nVerses Capital LLC acquired a new stake in shares of Digimarc during the 2nd quarter worth about $62,000. SG Americas Securities LLC purchased a new stake in Digimarc during the third quarter worth approximately $106,000. FMR LLC boosted its holdings in Digimarc by 201.6% in the third quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 3,331 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Digimarc in the second quarter valued at approximately $148,000. Institutional investors and hedge funds own 66.85% of the company’s stock.

About Digimarc

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.