Digital River Price Target Increased to $15.00 by Analysts at Credit Suisse (DRIV)
Stock analysts at Credit Suisse boosted their price objective on shares of Digital River (NASDAQ:DRIV) from $14.00 to $15.00 in a report issued on Friday, Stock Ratings Network.com reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price target suggests a potential downside of 15.64% from the stock’s previous close.
Shares of Digital River (NASDAQ:DRIV) opened at 17.78 on Friday. Digital River has a 52 week low of $12.80 and a 52 week high of $20.29. The stock’s 50-day moving average is $17.87 and its 200-day moving average is $17.43. The company’s market cap is $577.5 million.
Digital River (NASDAQ:DRIV) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.02. The company had revenue of $87.20 million for the quarter, compared to the consensus estimate of $90.53 million. During the same quarter last year, the company posted $0.20 earnings per share. Digital River’s revenue was up .1% compared to the same quarter last year. Analysts expect that Digital River will post $0.57 EPS for the current fiscal year.
Digital River, Inc (NASDAQ:DRIV) provides end-to-end global cloud-commerce and marketing solutions to a range of companies in software, consumer electronics, computer games, video games and other markets.
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