DigitalGlobe, Inc (NYSE:DGI) has earned an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $30.30.

Several brokerages have commented on DGI. BidaskClub raised shares of DigitalGlobe from a “sell” rating to a “hold” rating in a report on Wednesday. Chardan Capital reissued a “neutral” rating and issued a $35.00 price target on shares of DigitalGlobe in a report on Tuesday, February 21st. Jefferies Group LLC cut their price target on shares of DigitalGlobe from $44.00 to $38.50 and set a “buy” rating for the company in a report on Wednesday, March 1st. Finally, Dougherty & Co downgraded shares of DigitalGlobe from a “buy” rating to a “neutral” rating in a report on Monday, February 27th.

Shares of DigitalGlobe (NYSE DGI) traded down 0.63% on Wednesday, reaching $31.55. 1,041,288 shares of the company’s stock traded hands. The firm has a market cap of $1.96 billion, a P/E ratio of 178.25 and a beta of 0.96. The company’s 50-day moving average price is $31.59 and its 200 day moving average price is $31.15. DigitalGlobe has a one year low of $19.50 and a one year high of $35.95.

DigitalGlobe (NYSE:DGI) last announced its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. DigitalGlobe had a net margin of 2.00% and a return on equity of 3.24%. The firm had revenue of $209.70 million during the quarter, compared to the consensus estimate of $199.07 million. On average, equities analysts forecast that DigitalGlobe will post ($0.02) EPS for the current fiscal year.

In other news, EVP Walter S. Scott sold 16,200 shares of DigitalGlobe stock in a transaction on Monday, June 12th. The shares were sold at an average price of $31.62, for a total transaction of $512,244.00. Following the completion of the sale, the executive vice president now directly owns 109,037 shares of the company’s stock, valued at approximately $3,447,749.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jose Torres sold 3,858 shares of DigitalGlobe stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $31.75, for a total transaction of $122,491.50. Following the sale, the insider now directly owns 39,594 shares of the company’s stock, valued at $1,257,109.50. The disclosure for this sale can be found here. Insiders have sold a total of 25,558 shares of company stock valued at $815,126 over the last ninety days. 1.90% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of DGI. State Street Corp increased its stake in DigitalGlobe by 10.9% in the fourth quarter. State Street Corp now owns 1,427,123 shares of the technology company’s stock worth $40,889,000 after buying an additional 140,151 shares in the last quarter. Harvest Management LLC bought a new stake in DigitalGlobe during the first quarter worth about $328,000. OMERS ADMINISTRATION Corp bought a new stake in DigitalGlobe during the first quarter worth about $4,235,000. Fred Alger Management Inc. bought a new stake in DigitalGlobe during the fourth quarter worth about $770,000. Finally, Two Sigma Investments LP increased its stake in DigitalGlobe by 41.6% in the fourth quarter. Two Sigma Investments LP now owns 228,336 shares of the technology company’s stock worth $6,542,000 after buying an additional 67,132 shares in the last quarter. 98.97% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Brokerages Set DigitalGlobe, Inc (DGI) Price Target at $30.30” was originally published by Financial Market News and is the sole property of of Financial Market News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.financial-market-news.com/2017/06/17/brokerages-set-digitalglobe-inc-dgi-price-target-at-30-30.html.

About DigitalGlobe

DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.

Receive News & Ratings for DigitalGlobe Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalGlobe Inc and related companies with MarketBeat.com's FREE daily email newsletter.