Private Advisor Group LLC Raises Stock Holdings in Digimarc Co. (NASDAQ:DMRC)

Private Advisor Group LLC lifted its holdings in shares of Digimarc Co. (NASDAQ:DMRC) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 370,394 shares of the information technology services provider’s stock after acquiring an additional 10,680 shares during the period. Private Advisor Group LLC owned 1.73% of Digimarc worth $13,871,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in Digimarc during the 4th quarter worth $300,000. SG Americas Securities LLC grew its holdings in shares of Digimarc by 65.6% during the fourth quarter. SG Americas Securities LLC now owns 6,538 shares of the information technology services provider’s stock worth $245,000 after buying an additional 2,590 shares during the last quarter. Moody National Bank Trust Division purchased a new position in shares of Digimarc during the fourth quarter worth about $574,000. JPMorgan Chase & Co. increased 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 valued at $247,000 after acquiring an additional 2,695 shares during the period. Finally, Barclays PLC raised its stake in Digimarc by 240.9% during the 3rd quarter. Barclays PLC now owns 25,172 shares of the information technology services provider’s stock valued at $677,000 after acquiring an additional 17,788 shares during the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Digimarc Stock Performance

DMRC stock opened at $29.32 on Thursday. Digimarc Co. has a one year low of $21.00 and a one year high of $48.32. The company has a fifty day moving average of $38.38 and a 200-day moving average of $32.87. The stock has a market capitalization of $628.03 million, a PE ratio of -15.04 and a beta of 1.66.

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.