Digimarc (NASDAQ:DMRC) Shares Up 6.2%

Digimarc Co. (NASDAQ:DMRC) shot up 6.2% during trading on Friday . The company traded as high as $38.27 and last traded at $38.27. 1,069 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 90,877 shares. The stock had previously closed at $36.04.

The business has a 50-day simple moving average of $43.38 and a 200 day simple moving average of $36.53. The stock has a market cap of $647.91 million, a P/E ratio of -13.29 and a beta of 1.23.

Digimarc (NASDAQ:DMRC) last announced its earnings results on Monday, November 15th. The information technology services provider reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.51) by $0.03. Digimarc had a negative return on equity of 42.77% and a negative net margin of 183.48%. The company had revenue of $6.42 million for the quarter.

Several institutional investors have recently made changes to their positions in DMRC. Altai Capital Management L.P. boosted its position in shares of Digimarc by 292.1% during the 2nd quarter. Altai Capital Management L.P. now owns 745,361 shares of the information technology services provider’s stock valued at $24,970,000 after purchasing an additional 555,276 shares in the last quarter. Kimelman & Baird LLC acquired a new position in Digimarc during the 2nd quarter worth approximately $17,940,000. Private Advisor Group LLC acquired a new position in Digimarc during the 3rd quarter worth approximately $16,038,000. Goldman Sachs Group Inc. raised its stake in Digimarc by 566.3% during the 3rd quarter. Goldman Sachs Group Inc. now owns 310,812 shares of the information technology services provider’s stock worth $10,704,000 after buying an additional 264,163 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in Digimarc by 18.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 340,000 shares of the information technology services provider’s stock worth $11,710,000 after buying an additional 52,376 shares during the period. Institutional investors own 48.99% of the company’s stock.

Digimarc Company Profile (NASDAQ:DMRC)

Digimarc Corp. engages in the provision of media identification and management solutions. It develops solutions, license 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.

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