Brokerages Set DigitalGlobe, Inc (DGI) Price Target at $30.30
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.
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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.
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