Digital River Downgraded to “Neutral” at Zacks (DRIV)
Digital River (NASDAQ:DRIV) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $18.20 price target on the stock. Zacks‘s target price would indicate a potential upside of 16.07% from the company’s current price.
Digital River (NASDAQ:DRIV) traded up 1.62% on Tuesday, hitting $15.68. The stock had a trading volume of 252,239 shares. Digital River has a one year low of $14.69 and a one year high of $20.29. The stock’s 50-day moving average is $15.59 and its 200-day moving average is $16.90. The company’s market cap is $481.9 million.
Digital River (NASDAQ:DRIV) last posted its quarterly earnings results 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 $0.43 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.
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