Stock of the Day: Time to Buy Digimarc Corp After Today’s Significant Increase?

Stock of the Day: Time to Buy Digimarc Corp After Today's Significant Increase?

The stock of Digimarc Corp (NASDAQ:DMRC) is a huge mover today! About 131,660 shares traded hands or 121.17% up from the average. Digimarc Corp (NASDAQ:DMRC) has risen 6.74% since April 20, 2016 and is uptrending. It has outperformed by 2.19% the S&P500.
The move comes after 9 months positive chart setup for the $346.77M company. It was reported on Nov, 22 by Barchart.com. We have $34.87 PT which if reached, will make NASDAQ:DMRC worth $20.81 million more.

Digimarc Corp (NASDAQ:DMRC) Ratings Coverage

Out of 4 analysts covering Digimarc (NASDAQ:DMRC), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Digimarc has been the topic of 5 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Digimarc Corp (NASDAQ:DMRC) has “Outperform” rating given on Friday, July 24 by Imperial Capital. The stock has “Buy” rating given by Needham on Friday, September 9. The rating was initiated by Craig Hallum with “Buy” on Friday, June 17. The rating was maintained by Needham with “Buy” on Thursday, November 3.

According to Zacks Investment Research, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market.”

Insitutional Activity: The institutional sentiment increased to 4.2 in 2016 Q2. Its up 2.37, from 1.83 in 2016Q1. The ratio improved, as 6 funds sold all Digimarc Corp shares owned while 12 reduced positions. 6 funds bought stakes while 27 increased positions. They now own 4.77 million shares or 2.41% more from 4.66 million shares in 2016Q1.
Blackrock Inc holds 0% of its portfolio in Digimarc Corp (NASDAQ:DMRC) for 613 shares. Blue Clay Capital Ltd Llc owns 12,224 shares or 0.45% of their US portfolio. California Pub Employees Retirement Systems accumulated 0% or 15,600 shares. Manufacturers Life Insur The holds 0% of its portfolio in Digimarc Corp (NASDAQ:DMRC) for 6,267 shares. Magee Thomson Invest Prtn Limited Liability Co has 32 shares for 0% of their US portfolio. Kimelman And Baird Ltd Liability has 218,938 shares for 1.28% of their US portfolio. Suffolk Capital Mngmt Limited Liability Co has 37,412 shares for 0.15% of their US portfolio. State Street reported 122,444 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa accumulated 0% or 327 shares. Moreover, Teachers Advsrs has 0% invested in Digimarc Corp (NASDAQ:DMRC) for 12,134 shares. The United Kingdom-based Legal And General Grp Inc Public Ltd Liability has invested 0% in Digimarc Corp (NASDAQ:DMRC). Blackrock Institutional Trust Commerce Na has invested 0% of its portfolio in Digimarc Corp (NASDAQ:DMRC). Moreover, Granahan Invest Mgmt Inc Ma has 0.22% invested in Digimarc Corp (NASDAQ:DMRC) for 187,197 shares. Bancorporation Of New York Mellon Corporation has invested 0% of its portfolio in Digimarc Corp (NASDAQ:DMRC). Qci Asset Mgmt New York last reported 0.07% of its portfolio in the stock.

More news for Digimarc Corp (NASDAQ:DMRC) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on October 20, 2010. Quotes.Wsj.com‘s article titled: “Digimarc Corp. DMRC (US: Nasdaq)” and published on February 11, 2011 is yet another important article.

DMRC Company Profile

Digimarc Corporation (Digimarc), incorporated on April 29, 2010, enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover and Digimarc Barcode Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping. The Firm operates through media management solutions segment. The Company’s platform includes means to embed Digimarc Barcodes, invisible and inaudible barcode-like information that is recognizable by smartphones, industrial scanners, and other computer interfaces into various forms of media content, including consumer product packaging. The Company’s Digimarc Barcodes have various applications, including facilitating scanning of products at retail checkout, as well as improved engagement with smartphone-equipped consumers. The Digimarc Barcode allows automatic identification of media without visible computer codes, such as traditional barcodes.

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