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DRIV $24.67

DRIV target price
24.67
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Digital River
Type
Private
Industry e-commerce
Founded 1994
Founder Joel Ronning (former CEO)
Headquarters Minnetonka, Minnesota, United States
Area served
global
Key people

Dave Dobson (CEO)
Ted Cahall (COO)

Hoke Horne (CFO)
Products digital software delivery
Revenue $370.5 million
Number of employees
1,239
Website www.digitalriver.com

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.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

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

Major Shareholders

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 /