Digimarc (NASDAQ:DMRC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Digimarc Co. (NASDAQ:DMRC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $32.85 and traded as high as $35.24. Digimarc shares last traded at $35.11, with a volume of 139,163 shares.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Digimarc in a report on Friday, November 15th.

Digimarc Stock Up 1.3 %

The firm’s fifty day moving average is $38.63 and its 200 day moving average is $32.85.

Institutional Investors Weigh In On Digimarc

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Digimarc by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,308,979 shares of the information technology services provider’s stock worth $49,021,000 after buying an additional 5,726 shares in the last quarter. Beaconlight Capital LLC grew its holdings in shares of Digimarc by 3.4% during the third quarter. Beaconlight Capital LLC now owns 801,084 shares of the information technology services provider’s stock worth $21,533,000 after buying an additional 26,425 shares in the last quarter. Woodson Capital Management LP grew its holdings in shares of Digimarc by 18.5% during 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 buying an additional 71,126 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Digimarc by 3.0% during the fourth quarter. Private Advisor Group LLC now owns 370,394 shares of the information technology services provider’s stock worth $13,871,000 after buying an additional 10,680 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Digimarc by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 355,673 shares of the information technology services provider’s stock worth $13,323,000 after buying an additional 935 shares in the last quarter. Hedge funds and other institutional investors 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.