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

Digimarc Co. (NASDAQ:DMRC)’s share price 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.

Wall Street Analyst Weigh In

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

Digimarc Trading Up 1.3 %

The business’s fifty day moving average is $38.63 and its two-hundred day moving average is $32.85.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DMRC. SG Americas Securities LLC purchased a new position in Digimarc during the 3rd quarter valued at about $106,000. Private Advisor Group LLC grew its position in Digimarc by 2.2% during the 3rd quarter. Private Advisor Group LLC now owns 359,714 shares of the information technology services provider’s stock worth $9,669,000 after purchasing an additional 7,806 shares during the last quarter. Curi RMB Capital LLC grew its position in Digimarc by 0.7% during the 3rd quarter. Curi RMB Capital LLC now owns 117,821 shares of the information technology services provider’s stock worth $3,167,000 after purchasing an additional 843 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Digimarc by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,646 shares of the information technology services provider’s stock valued at $3,243,000 after acquiring an additional 3,801 shares during the period. Finally, FMR LLC lifted its stake in Digimarc by 201.6% during the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock valued at $134,000 after acquiring an additional 3,331 shares during the period. 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.