Digimarc (NASDAQ:DMRC) Shares Up 7.7% – Time to Buy?

Digimarc Co. (NASDAQ:DMRC) shares traded up 7.7% during trading on Friday . The stock traded as high as $43.31 and last traded at $43.31. 48,954 shares traded hands during trading, a decline of 59% from the average session volume of 119,857 shares. The stock had previously closed at $40.20.

Analysts Set New Price Targets

A number of analysts have commented on DMRC shares. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price 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.

Digimarc Trading Up 8.8 %

The firm has a market capitalization of $936.53 million, a PE ratio of -22.42 and a beta of 1.70. The business’s 50 day simple moving average is $34.27 and its two-hundred day simple moving average is $31.02.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Digimarc by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider’s stock valued at $247,000 after purchasing an additional 2,695 shares during the last quarter. Barclays PLC grew its position in Digimarc by 240.9% during the third quarter. Barclays PLC now owns 25,172 shares of the information technology services provider’s stock valued at $677,000 after buying an additional 17,788 shares during the period. Verition Fund Management LLC purchased a new stake in Digimarc during the third quarter valued at approximately $216,000. Woodson Capital Management LP raised its position in Digimarc by 18.5% in 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 period. Finally, PEAK6 Investments LLC purchased a new position in shares of Digimarc during the 3rd quarter worth $292,000. 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.