Fintel reports that on April 18, 2023, BTIG downgraded their outlook for Digital Media Solutions (NYSE:DMS) from Buy to Neutral .
Analyst Price Forecast Suggests 180.32% Upside
As of April 6, 2023, the average one-year price target for Digital Media Solutions is $2.05. The forecasts range from a low of $1.01 to a high of $2.62. The average price target represents an increase of 180.32% from its latest reported closing price of $0.73.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Digital Media Solutions is $415MM, an increase of 6.11%. The projected annual non-GAAP EPS is -$0.29.
What are Other Shareholders Doing?
Renaissance Technologies holds 32K shares representing 0.08% ownership of the company. In it's prior filing, the firm reported owning 29K shares, representing an increase of 9.49%. The firm decreased its portfolio allocation in DMS by 26.15% over the last quarter.
UBS Group holds 11K shares representing 0.03% ownership of the company. In it's prior filing, the firm reported owning 12K shares, representing a decrease of 2.20%. The firm decreased its portfolio allocation in DMS by 40.60% over the last quarter.
EQ ADVISORS TRUST - 1290 VT Micro Cap Portfolio Class IB holds 1K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 1K shares, representing an increase of 45.72%. The firm increased its portfolio allocation in DMS by 28.08% over the last quarter.
FCFMX - Fidelity Series Total Market Index Fund holds 10K shares representing 0.03% ownership of the company. No change in the last quarter.
State Street holds 39K shares representing 0.10% ownership of the company. No change in the last quarter.
What is the Fund Sentiment?
There are 31 funds or institutions reporting positions in Digital Media Solutions. This is a decrease of 12 owner(s) or 27.91% in the last quarter. Average portfolio weight of all funds dedicated to DMS is 0.00%, a decrease of 76.27%. Total shares owned by institutions increased in the last three months by 27.15% to 699K shares.
Digital Media Solutions Background Information
(This description is provided by the company.)
Digital Media Solutions, Inc. is an innovative global solutions provider of digital performance advertising and a connection point between digital advertising clients and their prospective customers. The DMS first-party data asset, proprietary advertising technology, significant proprietary media distribution and data-driven processes help digital advertising clients de-risk their advertising spend while scaling their customer bases.
See all Digital Media Solutions regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
