Craig Hallum Cuts Target Price for Digital Media Solutions (NYSE:DMS) to $1.50


Digital Media Solutions (NYSE: DMS – Get an Assessment) saw its price target lowered by Craig Hallum to $1.50 in a Monday morning report, Stock Target Advisor reports.

Other equity research analysts have also recently released reports on the company. Canaccord Genuity Group cut its target price on Digital Media Solutions from $8.00 to $6.00 and set a buy rating on the stock in a Thursday, August 11 report. BTIG Research reduced its target price on Digital Media Solutions to $3.00 in a Monday, August 15 report.

Digital media solutions stock down 9.3%

NYSE: DMS opened at $1.17 on Monday. Digital Media Solutions has a 52 week minimum of $1.05 and a 52 week maximum of $8.38. The company’s 50-day simple moving average is $1.42 and its two-hundred-day simple moving average is $2.42. The stock has a market capitalization of $72.66 million, a PE ratio of -4.03 and a beta of 2.13.

Institutional investors weigh in on digital media solutions

Large investors have recently increased or reduced their stakes in the stock. Praetorian Wealth Management Inc. acquired a new stake in Digital Media Solutions during the second quarter worth approximately $30,000. Zebra Capital Management LLC acquired a new stake in Digital Media Solutions during the first quarter for a value of approximately $52,000. Allspring Global Investments Holdings LLC acquired a new stake in Digital Media Solutions during the first quarter for a value of approximately $63,000. Meridian Wealth Partners LLC increased its position in Digital Media Solutions shares by 21.3% during the fourth quarter. Meridian Wealth Partners LLC now owns 14,228 shares of the company valued at $68,000 after purchasing an additional 2,500 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in Digital Media Solutions shares by 38.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 16,500 shares of the company valued at $79,000 after purchasing an additional 4,600 shares during the period. 2.31% of the shares are held by institutional investors.

About Digital Media Solutions

(Get an assessment)

Digital Media Solutions, Inc operates as a digital performance marketing company that offers a software delivery platform in the United States. It operates through three segments: Brand Direct, Marketplace and Other. The company operates as a performance marketing engine for businesses in various industries including consumer finance, e-commerce, education, insurance, home services, brand performance, automotive , concerts, health and wellness and work placements.

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