Avantax Advisory Services Inc. Invests $361,000 in Digimarc Co. (NASDAQ:DMRC)

Avantax Advisory Services Inc. acquired a new position in shares of Digimarc Co. (NASDAQ:DMRC) during the 4th quarter, Holdings Channel reports. The firm acquired 9,636 shares of the information technology services provider’s stock, valued at approximately $361,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in Digimarc by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,646 shares of the information technology services provider’s stock valued at $3,243,000 after buying an additional 3,801 shares during the last quarter. FMR LLC grew its position in shares of Digimarc by 201.6% in the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 3,331 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Digimarc by 28.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider’s stock valued at $210,000 after acquiring an additional 1,724 shares during the last quarter. Beaconlight Capital LLC raised its position in shares of Digimarc by 3.4% during the 3rd quarter. Beaconlight Capital LLC now owns 801,084 shares of the information technology services provider’s stock valued at $21,533,000 after acquiring an additional 26,425 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new position in Digimarc during the third quarter worth $292,000. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC lowered their target price on shares of Digimarc from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, February 27th.

Digimarc Stock Up 3.6 %

Shares of DMRC stock opened at $14.82 on Tuesday. The company has a market cap of $319.36 million, a P/E ratio of -7.60 and a beta of 1.61. The business has a 50 day moving average of $28.33 and a two-hundred day moving average of $31.28. Digimarc Co. has a 52 week low of $13.95 and a 52 week high of $48.32.

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.