Digital River Price Target Cut to $18.00 (DRIV)
Equities researchers at Northland Securities decreased their price objective on shares of Digital River (NASDAQ:DRIV) from $22.00 to $18.00 in a research report issued on Thursday. The firm currently has a “market perform” rating on the stock. Northland Securities’ price objective would suggest a potential upside of 17.65% from the company’s current price.
Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Digital River in a research note on Thursday, July 31st. They now have a $14.00 price target on the stock, down previously from $15.00.
Digital River (NASDAQ:DRIV) traded down 0.59% on Thursday, hitting $15.21. 40,060 shares of the company’s stock traded hands. Digital River has a 52-week low of $13.61 and a 52-week high of $19.67. The stock’s 50-day moving average is $14.78 and its 200-day moving average is $16.03. The company’s market cap is $453.8 million.
Digital River (NASDAQ:DRIV) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $87.39 million for the quarter, compared to the consensus estimate of $85.92 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts expect that Digital River will post $0.45 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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