Digimarc (NASDAQ:DMRC) Sets New 52-Week High at $32.59

Digimarc Co. (NASDAQ:DMRC – Get Rating)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $32.59 and last traded at $32.48, with a volume of 10417 shares changing hands. The stock had previously closed at $32.09.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com raised Digimarc to a “sell” rating in a research report on Friday, May 12th. Craig Hallum lifted their target price on Digimarc from $17.00 to $25.00 in a research report on Thursday, May 11th.

Digimarc Stock Down 2.0 %

The company has a market cap of $621.28 million, a PE ratio of -10.83 and a beta of 1.47. The company has a 50-day moving average of $20.59 and a 200-day moving average of $20.73.

Digimarc (NASDAQ:DMRC – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The information technology services provider reported ($0.41) EPS for the quarter. The business had revenue of $7.22 million for the quarter. Digimarc had a negative return on equity of 45.38% and a negative net margin of 183.02%.

Institutional Trading of Digimarc

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its holdings in Digimarc by 165.6% during the second quarter. BNP Paribas Arbitrage SA now owns 2,967 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 1,850 shares during the period. Barclays PLC lifted its holdings in Digimarc by 532.9% during the fourth quarter. Barclays PLC now owns 3,671 shares of the information technology services provider’s stock worth $68,000 after acquiring an additional 3,091 shares during the period. BNP Paribas Arbitrage SNC lifted its holdings in Digimarc by 263.9% during the first quarter. BNP Paribas Arbitrage SNC now owns 3,723 shares of the information technology services provider’s stock worth $73,000 after acquiring an additional 2,700 shares during the period. Corrado Advisors LLC bought a new stake in Digimarc during the fourth quarter worth $84,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in Digimarc by 5,000.0% during the third quarter. Rockefeller Capital Management L.P. now owns 5,100 shares of the information technology services provider’s stock worth $69,000 after acquiring an additional 5,000 shares during the period. 55.24% of the stock is currently owned by institutional investors.

About Digimarc

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Digimarc Corp. engages in the provision of media identification and management solutions. It develops solutions, licenses intellectual property, and provides development services. The company also connects print, audio, and packaging to brand-defined online content, protects, identifies, and tracks digital files, and confirms content and objects are genuine, unaltered, and from an authorized source.