Digital Media Solutions Inc. (NYSE: DMS) stock fell -17.06% on Friday to $1.75 against a previous-day closing price of $2.11. With 1.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $2.2800 whereas the lowest price it dropped to was $1.5200. The 52-week range on DMS shows that it touched its highest point at $9.50 and its lowest point at $1.05 during that stretch. It currently has a 1-year price target of $3.81. Beta for the stock currently stands at 1.00.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DMS was up-trending over the past week, with a rise of 18.24%, but this was up by 53.51% over a month. Three-month performance surged to 25.00% while six-month performance fell -60.85%. The stock lost -75.73% in the past year, while it has lost -63.39% so far this year. A look at the trailing 12-month EPS for DMS yields -0.09 with Next year EPS estimates of 0.04. For the next quarter, that number is -0.03. This implies an EPS growth rate of 122.90% for this year and 150.00% for next year.
Float and Shares Shorts:
At present, 35.58 million DMS shares are outstanding with a float of 21.59 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.13 million, which was 0.34% higher than short shares on Jun 14, 2022. In addition to Mr. Joseph Marinucci as the firm’s Co-Founder, Pres, CEO & Director, Mr. Fernando Borghese serves as its Co-Founder, COO & Director.
Institutional Ownership:
Through their ownership of 74.15% of DMS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.85% of DMS, in contrast to 2.06% held by mutual funds. Shares owned by individuals account for 1.14%. As the largest shareholder in DMS with 0.90% of the stake, S Squared Technology LLC holds 328,234 shares worth 328,234. A second-largest stockholder of DMS, The Vanguard Group, Inc., holds 138,956 shares, controlling over 0.38% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in DMS, holding 125,269 shares or 0.34% stake. With a 0.38% stake in DMS, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 138,956 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.23% of DMS stock, is the second-largest Mutual Fund holder. It holds 84,770 shares valued at 0.12 million. Blue Planet Investment Trust Plc holds 0.13% of the stake in DMS, owning 45,900 shares worth 66096.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DMS since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DMS analysts setting a high price target of $6.00 and a low target of $3.00, the average target price over the next 12 months is $3.81. Based on these targets, DMS could surge 242.86% to reach the target high and rise by 71.43% to reach the target low. Reaching the average price target will result in a growth of 117.71% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DMS will report FY 2022 earnings on 02/24/2023. Analysts have provided yearly estimates in a range of -$0.11 being high and -$0.69 being low. For DMS, this leads to a yearly average estimate of -$0.42. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Digital Media Solutions Inc. surprised analysts by -$0.04 when it reported -$0.14 EPS against a consensus estimate of -$0.10. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.29. The average estimate for the next quarter is thus -$0.15.
Summary of Insider Activity:
Insiders traded DMS stock several times over the past three months with 1 Buys and 7 Sells. In these transactions, 163,043 shares were bought while 32,156 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 788,185 while 32,156 shares were sold.
