Digimarc (NASDAQ:DMRC) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Digimarc Co. (NASDAQ:DMRC)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.89 and traded as high as $41.93. Digimarc shares last traded at $40.07, with a volume of 204,836 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on DMRC shares. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Digimarc in a research note on Friday, November 15th. StockNews.com upgraded shares of Digimarc to a “sell” rating in a report on Tuesday, September 17th.

Digimarc Stock Performance

The stock has a market cap of $858.30 million, a PE ratio of -20.55 and a beta of 1.70. The firm has a 50-day moving average price of $36.00 and a 200-day moving average price of $31.89.

Institutional Investors Weigh In On Digimarc

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Digimarc in the 3rd quarter valued at approximately $106,000. FMR LLC lifted its holdings in shares of Digimarc by 201.6% during 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. BNP Paribas Financial Markets boosted its position in shares of Digimarc by 28.4% during the third quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider’s stock valued at $210,000 after buying an additional 1,724 shares during the last quarter. Verition Fund Management LLC bought a new stake in Digimarc in the 3rd quarter worth about $216,000. Finally, JPMorgan Chase & Co. raised its position in Digimarc by 41.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider’s stock worth $247,000 after buying an additional 2,695 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Digimarc Company Profile

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.