Digital Media Solutions (NYSE:DMS) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $455 million-$465 million, compared to the consensus revenue estimate of $497.72 million.
Digital Media Solutions stock traded up $0.19 during mid-day trading on Tuesday, reaching $12.06. 51,755 shares of the company were exchanged, compared to its average volume of 131,177. Digital Media Solutions has a twelve month low of $6.32 and a twelve month high of $15.27. The firm’s 50-day simple moving average is $12.26 and its two-hundred day simple moving average is $10.62.
Digital Media Solutions (NYSE:DMS) last issued its earnings results on Thursday, February 25th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). The firm had revenue of $102.63 million during the quarter.
A number of brokerages have recently issued reports on DMS. Canaccord Genuity increased their target price on Digital Media Solutions from $15.00 to $16.00 and gave the stock a buy rating in a research note on Tuesday, April 13th. Citigroup increased their target price on Digital Media Solutions from $13.00 to $14.00 in a research note on Tuesday, March 2nd.
In related news, major shareholder Lion Capital (Guernsey) Bridge sold 5,624,282 shares of the firm’s stock in a transaction that occurred on Wednesday, March 24th. The stock was sold at an average price of $9.49, for a total value of $53,374,436.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
About Digital Media Solutions
Digital Media Solutions, Inc operates as a digital performance marketing company that offers a software delivery platform in the United States. It operates through three segments: Brand Direct, Marketplace, and Other. The company operates as a performance marketing engine for companies across various industries, including consumer finance, e-commerce, education, automotive, insurance, home services, brand performance, gig, health and wellness, and career placements.
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