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Digital River (NASDAQ:DRIV) was upgraded by Zacks from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, American Banking and Market News reports.

Digital River (NASDAQ:DRIV) traded up 1.66% on Friday, hitting $15.605. 151,703 shares of the company’s stock traded hands. Digital River has a 1-year low of $14.89 and a 1-year high of $20.29. The stock has a 50-day moving average of $16.63 and a 200-day moving average of $17.51. The company’s market cap is $479.6 million.

Digital River (NASDAQ:DRIV) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.10. The company had revenue of $97.80 million for the quarter, compared to the consensus estimate of $93.63 million. On average, analysts predict that Digital River will post $0.44 earnings per share 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.

To view Zacks’ full report, visit Zacks’ official website.

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