Robert W. Baird Analysts Begin Coverage on Digital River, Inc. (DRIV)
Tuesday, July 12, 2021 7:11 AM

Equities research analysts at Robert W. Baird initiated coverage on shares of Digital River, Inc. (NASDAQ: DRIV) in a research note to investors on Tuesday. The analysts set a "neutral" rating and a $35.00 price target on the stock.

Separately, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Digital River, Inc. in a research note to investors on Thursday, April 28th. Also, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Digital River, Inc. from $25.00 to $26.00 in a research note to investors on Friday, April 29th. They now have a "hold" rating on the stock.

Shares of Digital River, Inc. opened at 32.64 on Wednesday. Digital River, Inc. has a 52 week low of $24.73 and a 52 week high of $39.85. The stock's 50-day moving average is $31.25 and its 200-day moving average is $33.75. The company has a market cap of $1.294 billion and a price-to-earnings ratio of 78.84.

Digital River, Inc. last announced its quarterly results on Thursday, April 28th. The company reported $0.31 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.29 EPS by $0.02. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 0.50% on a year-over-year basis. On average, analysts predict that Digital River, Inc. will post $0.28 EPS next quarter.

Digital River, Inc. is engaged in providing end-to-end global e-commerce and marketing solutions to a variety of companies in software, consumer electronics, computer games, video games, and other markets. Its services include design, development and hosting of online stores and shopping carts, store merchandising and optimization, order management, denied parties screening, export controls and management, tax compliance and management, fraud management, digital product delivery via download, physical product fulfillment, subscription management, online marketing including e-mail marketing, management of affiliate programs, paid search programs, payment processing services, Website optimization, Web analytics and reporting, and compact disc (CD) production and delivery. In May 2010, the Company acquired fatfoogoo. In September 2010, the Company acquired Journey Education Marketing, Inc.

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