Digimarc (NASDAQ:DMRC) Shares Gap Up – Here’s Why

Digimarc Co. (NASDAQ:DMRC)’s share price gapped up before the market opened on Monday . The stock had previously closed at $27.46, but opened at $29.81. Digimarc shares last traded at $26.05, with a volume of 107,951 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 Down 1.9 %

The business’s 50-day simple moving average is $38.11 and its two-hundred day simple moving average is $32.89. The company has a market capitalization of $577.27 million, a PE ratio of -13.81 and a beta of 1.66.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DMRC. KLP Kapitalforvaltning AS acquired a new stake in shares of Digimarc during the 4th quarter valued at approximately $105,000. SG Americas Securities LLC bought a new stake in Digimarc during the third quarter valued at $106,000. Tower Research Capital LLC TRC raised its holdings in shares of Digimarc by 469.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,951 shares of the information technology services provider’s stock worth $111,000 after purchasing an additional 2,433 shares during the period. FMR LLC lifted its position in shares of Digimarc by 201.6% in the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock worth $134,000 after buying an additional 3,331 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Digimarc by 28.4% in the 3rd 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 period. 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.