UP!
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Type
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Private |
|---|---|
| Industry | e-commerce |
| Founded | 1994 |
| Founder | Joel Ronning (former CEO) |
| Headquarters | Minnetonka, Minnesota, United States |
|
Area served
|
global |
|
Key people
|
Dave Dobson (CEO) |
| Products | digital software delivery |
| Revenue | $370.5 million |
|
Number of employees
|
1,239 |
| Website | www |
Dave Dobson (CEO)
Ted Cahall (COO)
Digital River is a private company that provides global ecommerce, payments and marketing services. In 2013, Digital River processed more than $30 billion in online transactions. Digital River is headquartered in Minnetonka, Minnesota.
Digital River has a history of acquiring other companies in the e-commerce (including digital software delivery) industry.
Notable acquisitions include:
A security breach in 2010 resulted in nearly 200,000 customers' data being stolen. A lawsuit followed by Digital River.
In October 2017, the websites for Equifax, and for TransUnion's Central American division, were reported to have been redirecting visitors to websites that attempted drive-by downloads of malware disguised as Adobe Flash updates. The attack had been performed by hijacking third-party analytics JavaScript from Digital River brand FireClick.
Joel Ronning was CEO from the company's founding until stepping down in November 2012. In June 2013, Ronning was ranked as the most overpaid CEO at a public company in Minnesota despite having been CEO only until November of the previous year. In February 2013, Dave Dobson was named CEO.
| 2014-12-08 | Reiterated | Northland Capital | Market Perform | $26 to $24 |
| 2014-12-08 | Lower Price Target | Northland Securities | Market Perform | $26.00 to $24.00 |
| 2014-11-04 | Upgrade | Credit Suisse | Underperform to Neutral | $14.00 to $26.00 |
| 2014-11-04 | Upgrade | Credit Suisse Group AG | Underperform to Neutral | $14.00 to $26.00 |
| 2014-08-28 | Reiterated | Northland Capital | Market Perform | $22 to $18 |
| 2014-08-28 | Lower Price Target | Northland Securities | Market Perform | $22.00 to $18.00 |
| 2014-07-31 | Reiterated Rating | Credit Suisse | Underperform | $15.00 to $14.00 |
| 2013-11-01 | Boost Price Target | Credit Suisse | Underperform | $14.00 to $15.00 |
| 2012-11-02 | Reiterated | FBR Capital | Outperform | $19 to $17 |
| 2012-08-01 | Reiterated | FBR Capital | Outperform | $23 to $19 |
| 2012-02-07 | Downgrade | Argus | Buy to Hold | |
| 2011-07-12 | Initiated | Robert W. Baird | Neutral | $35 |
| 2011-04-29 | Reiterated | Deutsche Bank | Hold | $25 to $26 |
| 2010-10-26 | Reiterated | FBR Capital | Outperform | $36 to $42 |
| 2010-10-26 | Reiterated | Caris & Company | Buy | $40 to $45 |
| 2010-10-05 | Reiterated | Caris & Company | Buy | $36 to $40 |
| 2010-10-04 | Reiterated | Wedbush | Outperform | $36 to $38 |
| 2010-10-01 | Reiterated | RBC Capital Mkts | Outperform | $35 to $42 |
| 2010-09-03 | Upgrade | Wedbush | Neutral to Outperform | $28 to $36 |
| 2010-09-02 | Upgrade | Caris & Company | Average to Buy | $36 |
| 2014-12-08 | Reiterated | Northland Capital | Market Perform | $26 to $24 |
| 2014-12-08 | Lower Price Target | Northland Securities | Market Perform | $26.00 to $24.00 |
| 2014-11-04 | Upgrade | Credit Suisse | Underperform to Neutral | $14.00 to $26.00 |
| 2014-11-04 | Upgrade | Credit Suisse Group AG | Underperform to Neutral | $14.00 to $26.00 |
| 2014-08-28 | Reiterated | Northland Capital | Market Perform | $22 to $18 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In DRIV 83 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Mirae Asset Global Investments Co., Ltd. | 1.82M |
| PNC FINANCIAL SERVICES GROUP, INC. | 1.30M |
| LPL Financial LLC | 0.63M |
| JANE STREET GROUP, LLC | 0.48M |
| BANK OF AMERICA CORP /DE/ | 0.47M |
| Destination Wealth Management | 0.39M |
| Loeb Offshore Management LP | 0.30M |
| AMARILLO NATIONAL BANK | 0.23M |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 0.22M |
| Raymond James Financial Services Advisors, Inc. | 0.21M |
| SG Americas Securities, LLC | 0.20M |
| Strategic Wealth Advisors Group,Inc. | 0.17M |
| CITADEL ADVISORS LLC | 0.11M |
| Cambridge Investment Research Advisors, Inc. | 0.10M |
| ROYAL BANK OF CANADA | 87164 |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| VEPF III AIV V, L.P. | 10.12% (3236941) | DRIV / |
| RONNING JOEL A CEO | 3.10% (991706) | DRIV / |
| DONNELLY THOMAS M Chief Financial Officer | 0.67% (213508) | DRIV / |
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