Digital Media Solutions (NYSE: DMS – Get an Assessment) saw its price target reduced by stock analysts Canaccord Genuity Group from $8.00 to $6.00 in a research report released Thursday, reports The Fly. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates an upside potential of 242.86% from the current share price.
Separately, Craig Hallum downgraded Digital Media Solutions from a “buy” rating to a “hold” rating in a Wednesday, May 11 research note.
Price performance of digital media solutions
NYSE DMS shares opened at $1.75 on Thursday. Digital Media Solutions has a one-year minimum of $1.05 and a one-year maximum of $9.50. The company’s 50-day simple moving average is $1.46 and its two-hundred-day simple moving average is $2.59. The stock has a market capitalization of $108.68 million, a P/E ratio of -6.03 and a beta of 2.13.
Digital Media Solutions (NYSE:DMS – Get Rating) last released its quarterly results on Tuesday, May 10. The company reported EPS ($0.05) for the quarter. The company had revenue of $109.11 million for the quarter. Digital Media Solutions recorded a negative net margin of 2.51% and a negative return on equity of 3.09%.
Institutional trading of digital media solutions
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Digital Media Solutions in the first quarter valued at $63,000. Meridian Wealth Partners LLC increased its stake in Digital Media Solutions by 21.3% in the fourth quarter. Meridian Wealth Partners LLC now owns 14,228 shares of the company worth $68,000 after acquiring an additional 2,500 shares during the period. Advisor Group Holdings Inc. increased its stake in Digital Media Solutions by 38.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 16,500 shares of the company worth $79,000 after acquiring an additional 4,600 shares during the period. S Squared Technology LLC increased its stake in Digital Media Solutions by 4.5% in the first quarter. S Squared Technology LLC now owns 375,234 shares of the company worth $1,366,000 after acquiring an additional 16,239 shares during the period. Finally, State Street Corp increased its stake in Digital Media Solutions by 13.1% in the first quarter. State Street Corp now owns 74,128 shares of the company worth $270,000 after acquiring an additional 8,600 shares during the period. Hedge funds and other institutional investors hold 2.31% of the company’s shares.
About Digital Media Solutions
(Get a rating)
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 a variety of industries including consumer finance, e-commerce, education, insurance, home services, brand performance, automotive , concerts, health and wellness and work placements.
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