Granahan Investment Management LLC purchased a new position in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 249,435 shares of the information technology services provider's stock, valued at approximately $9,341,000. Granahan Investment Management LLC owned 1.16% of Digimarc as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of DMRC. Barclays PLC increased its stake in Digimarc by 240.9% in the third quarter. Barclays PLC now owns 25,172 shares of the information technology services provider's stock valued at $677,000 after acquiring an additional 17,788 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Digimarc by 41.5% in 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 last quarter. Moody National Bank Trust Division bought a new position in Digimarc in the fourth quarter valued at approximately $574,000. SG Americas Securities LLC increased its stake in Digimarc by 65.6% in the fourth quarter. SG Americas Securities LLC now owns 6,538 shares of the information technology services provider's stock valued at $245,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Digimarc in the fourth quarter valued at approximately $300,000. 66.85% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC decreased their target price on shares of Digimarc from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th.
Read Our Latest Research Report on DMRC
Digimarc Stock Up 0.2%
Shares of NASDAQ DMRC traded up $0.03 during midday trading on Tuesday, reaching $13.52. 14,110 shares of the company were exchanged, compared to its average volume of 164,557. Digimarc Co. has a one year low of $10.44 and a one year high of $48.32. The stock has a market cap of $291.30 million, a P/E ratio of -6.91 and a beta of 1.44. The stock's 50-day moving average price is $13.10 and its 200-day moving average price is $27.09.
Digimarc Company Profile
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Free Report)
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.
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