Digital Media Solutions (NYSE: DMS) grew 7.5%
Shares of Digital Media Solutions, Inc. (NYSE: DMS – Get Rating) jumped 7.5% in Tuesday’s trading. The company traded as low as $1.86 and last traded at $1.86. 22,634 shares changed hands during trading, down 35% from the average session volume of 35,020 shares. The stock previously closed at $1.73.
A number of research companies have recently commented on the DMS. Canaccord Genuity Group lowered its price target on Digital Media Solutions shares from $10.00 to $8.00 and set a “buy” rating on the stock in a Tuesday, March 15 report. Craig Hallum downgraded shares of Digital Media Solutions from a “buy” rating to a “hold” rating in a Wednesday, May 11 report.
The company’s 50-day moving average is $2.35 and its 200-day moving average is $3.49. The stock has a market capitalization of $115.51 million, a price-earnings ratio of -46.50 and a beta of 1.58.
Digital Media Solutions (NYSE:DMS – Get Rating) last released quarterly earnings data on Tuesday, May 10. The company reported ($0.05) earnings per share (EPS) for the quarter. Digital Media Solutions posted a negative return on equity of 3.09% and a negative net margin of 0.28%. The company posted revenue of $109.11 million for the quarter.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Zebra Capital Management LLC acquired a new stake in Digital Media Solutions during the first quarter for a value of approximately $52,000. State Street Corp increased its stake in shares of Digital Media Solutions by 13.1% in the first quarter. State Street Corp now owns 74,128 shares of the company valued at $270,000 after purchasing an additional 8,600 shares during the period. S Squared Technology LLC increased its stake in shares of Digital Media Solutions by 4.5% in the first quarter. S Squared Technology LLC now owns 375,234 shares of the company valued at $1,366,000 after purchasing an additional 16,239 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Digital Media Solutions in the first quarter worth $63,000. Finally, BlackRock Inc. increased its stake in shares of Digital Media Solutions by 5.1% in the fourth quarter. BlackRock Inc. now owns 133,277 shares of the company valued at $636,000 after purchasing an additional 6,502 shares during the period. Institutional investors hold 2.31% of the company’s shares.
Digital Media Solutions Company Profile (NYSE:DMS)
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 Others. 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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