Fmr LLC Has $134,000 Holdings in Digimarc Co. (NASDAQ:DMRC)

Fmr LLC lifted its position in shares of Digimarc Co. (NASDAQ:DMRC) by 201.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,983 shares of the information technology services provider’s stock after purchasing an additional 3,331 shares during the period. Fmr LLC’s holdings in Digimarc were worth $134,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kimelman & Baird LLC bought a new position in Digimarc in the second quarter valued at about $18,249,000. Squarepoint Ops LLC acquired a new position in shares of Digimarc in the second quarter valued at approximately $747,000. Silverberg Bernstein Capital Management LLC raised its holdings in Digimarc by 4.0% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider’s stock valued at $12,363,000 after buying an additional 17,880 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in Digimarc during the 2nd quarter worth approximately $551,000. Finally, Private Advisor Group LLC grew its holdings in Digimarc by 4.4% during the 2nd quarter. Private Advisor Group LLC now owns 351,908 shares of the information technology services provider’s stock worth $10,913,000 after acquiring an additional 14,884 shares during the last quarter. Institutional investors own 66.85% of the company’s stock.

Analyst Ratings Changes

DMRC has been the subject of several analyst reports. 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 set a $40.00 target price on shares of Digimarc in a report on Friday, November 15th.

Digimarc Stock Performance

NASDAQ:DMRC opened at $36.92 on Monday. Digimarc Co. has a fifty-two week low of $21.00 and a fifty-two week high of $43.43. The company has a 50 day simple moving average of $32.90 and a two-hundred day simple moving average of $30.43. The company has a market capitalization of $790.86 million, a PE ratio of -18.93 and a beta of 1.70.

Digimarc Company Profile

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.