Digital Media Solutions (NYSE:DMS) Price Target Increased to $16.00 by Analysts at Canaccord Genuity

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Digital Media Solutions (NYSE:DMS) had its price objective hoisted by Canaccord Genuity from $15.00 to $16.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

DMS has been the topic of a number of other research reports. BTIG Research began coverage on Digital Media Solutions in a research report on Wednesday, December 16th. They set a buy rating and a $15.00 target price on the stock. Craig Hallum started coverage on Digital Media Solutions in a research note on Monday, December 21st. They set a buy rating and a $16.00 target price for the company. Finally, Citigroup boosted their target price on Digital Media Solutions from $13.00 to $14.00 in a report on Tuesday, March 2nd.

NYSE:DMS opened at $10.98 on Tuesday. Digital Media Solutions has a 1-year low of $6.32 and a 1-year high of $15.27. The business has a 50 day moving average of $12.05 and a 200 day moving average of $10.26.

Digital Media Solutions (NYSE:DMS) last released its earnings results on Thursday, February 25th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). The firm had revenue of $102.63 million during the quarter.

In related news, major shareholder Lion Capital (Guernsey) Bridge sold 5,624,282 shares of the company’s stock in a transaction on Wednesday, March 24th. The shares were sold at an average price of $9.49, for a total value of $53,374,436.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hedge funds and other institutional investors have recently made changes to their positions in the company. ExodusPoint Capital Management LP acquired a new stake in Digital Media Solutions in the 4th quarter valued at about $224,000. Citigroup Inc. increased its holdings in shares of Digital Media Solutions by 3,150.9% during the fourth quarter. Citigroup Inc. now owns 12,191 shares of the company’s stock worth $147,000 after purchasing an additional 11,816 shares during the period. Bank of New York Mellon Corp bought a new position in Digital Media Solutions in the fourth quarter valued at approximately $122,000. BlackRock Inc. bought a new stake in shares of Digital Media Solutions during the fourth quarter worth $82,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Digital Media Solutions during the third quarter worth $467,000. Institutional investors own 4.97% of the company’s stock.

Digital Media Solutions Company Profile

Digital Media Solutions, Inc provides technology and digital performance technology solutions in the United States. It operates in three segments: Brand Direct, Marketplace, and Other. The company operates as a performance marketing engine for companies across various industries, including consumer finance, education, automotive, insurance, home services, brand performance, gig, health and wellness, and career.

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