Canaccord Genuity Thinks Digital Media Solutions’ Stock is Going to Recover

By Austin Angelo

Canaccord Genuity analyst Maria Ripps maintained a Buy rating on Digital Media Solutions (DMSResearch Report) yesterday and set a price target of $15.00. The company’s shares closed last Thursday at $7.15, close to its 52-week low of $6.65.

According to TipRanks.com, Ripps is a top 100 analyst with an average return of 52.3% and a 69.4% success rate. Ripps covers the Technology sector, focusing on stocks such as Spotify Technology SA, Zillow Group Class A, and Alphabet Class A.

Digital Media Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $14.00, representing a 92.8% upside. In a report issued on November 11, Citigroup also maintained a Buy rating on the stock with a $13.00 price target.

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Digital Media Solutions’ market cap is currently $417.5M and has a P/E ratio of 11.90. The company has a Price to Book ratio of -3.27.

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Leo Holdings Corp. operates as a blank check company, which engages in the business of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It focuses on companies in the consumer sector. The company was founded by Robert Darwent and Lyndon Lea on November 29, 2017 and is headquartered in London, the United Kingdom.