Digital Media Solutions (NYSE:DMS) Shares Up 1.2%

Shares of Digital Media Solutions, Inc. (NYSE:DMSGet Rating) shot up 1.2% during trading on Tuesday . The stock traded as high as $1.71 and last traded at $1.69. 34,065 shares were traded during trading, a decline of 93% from the average session volume of 480,882 shares. The stock had previously closed at $1.67.

Analysts Set New Price Targets

Several analysts have weighed in on DMS shares. Craig Hallum dropped their price objective on shares of Digital Media Solutions to $1.50 in a research note on Monday, August 22nd. Canaccord Genuity Group dropped their price objective on shares of Digital Media Solutions from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. Finally, BTIG Research dropped their price objective on shares of Digital Media Solutions to $3.00 in a research note on Monday, August 15th.

Digital Media Solutions Stock Performance

The stock has a market capitalization of $110.91 million, a P/E ratio of -3.19 and a beta of 0.89. The stock’s fifty day simple moving average is $1.89 and its two-hundred day simple moving average is $1.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. S Squared Technology LLC raised its holdings 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’s stock valued at $1,366,000 after purchasing an additional 16,239 shares during the last quarter. State Street Corp raised its holdings in shares of Digital Media Solutions by 13.1% in the first quarter. State Street Corp now owns 74,128 shares of the company’s stock valued at $270,000 after purchasing an additional 8,600 shares during the last quarter. Zebra Capital Management LLC bought a new position in Digital Media Solutions during the first quarter valued at about $52,000. Praetorian Wealth Management Inc. bought a new position in Digital Media Solutions during the second quarter valued at about $30,000. Finally, Moors & Cabot Inc. grew its position in Digital Media Solutions by 108.4% during the third quarter. Moors & Cabot Inc. now owns 43,571 shares of the company’s stock valued at $84,000 after buying an additional 22,660 shares during the period. 1.70% of the stock is owned by institutional investors.

Digital Media Solutions Company Profile

(Get 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 companies across various industries, including consumer finance, e-commerce, education, insurance, home services, brand performance, automotive, gig, health and wellness, and career placements.

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