Digimarc (NASDAQ:DMRC) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Digimarc Co. (NASDAQ:DMRC)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.89 and traded as high as $41.93. Digimarc shares last traded at $40.07, with a volume of 204,836 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DMRC. StockNews.com raised shares of Digimarc to a “sell” rating in a research note on Tuesday, September 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Digimarc in a research report on Friday, November 15th.

Digimarc Stock Up 5.5 %

The stock’s 50-day moving average price is $36.17 and its 200 day moving average price is $31.96. The company has a market cap of $938.88 million, a P/E ratio of -22.48 and a beta of 1.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DMRC. SG Americas Securities LLC bought a new position in Digimarc during the third quarter worth $106,000. FMR LLC increased its holdings in shares of Digimarc by 201.6% during the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 3,331 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Digimarc by 28.4% in the third 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. Verition Fund Management LLC bought a new stake in shares of Digimarc in the third quarter valued at about $216,000. Finally, JPMorgan Chase & Co. increased its stake in Digimarc by 41.5% during the third 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. Institutional investors and hedge funds 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.