BidaskClub upgraded shares of DigitalGlobe, Inc (NYSE:DGI) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
Other equities research analysts have also issued reports about the stock. Chardan Capital reiterated a neutral rating and set a $35.00 price target on shares of DigitalGlobe in a report on Tuesday, February 21st. Jefferies Group LLC lowered 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 lowered shares of DigitalGlobe from a buy rating to a neutral rating in a report on Monday, February 27th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. DigitalGlobe currently has a consensus rating of Hold and an average target price of $31.79.
DigitalGlobe (NYSE:DGI) opened at 32.30 on Wednesday. DigitalGlobe has a 52 week low of $19.50 and a 52 week high of $35.95. The company has a market cap of $2.00 billion, a P/E ratio of 182.49 and a beta of 0.96. The company’s 50-day moving average is $31.59 and its 200-day moving average is $31.14.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.04) EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $199.07 million. On average, analysts anticipate that DigitalGlobe will post ($0.02) EPS for the current fiscal year.
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In other DigitalGlobe news, EVP Walter S. Scott sold 16,200 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $31.62, for a total value of $512,244.00. Following the completion of the transaction, the executive vice president now directly owns 109,037 shares in the company, valued at approximately $3,447,749.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Howell M. Estes sold 4,500 shares of the company’s stock in a transaction on Friday, April 7th. The stock was sold at an average price of $32.92, for a total transaction of $148,140.00. Following the completion of the transaction, the director now owns 62,363 shares of the company’s stock, valued at $2,052,989.96. The disclosure for this sale can be found here. Insiders sold a total of 58,070 shares of company stock valued at $1,846,731 over the last 90 days. Company insiders own 2.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DGI. Norges Bank bought a new position in shares of DigitalGlobe during the fourth quarter valued at approximately $23,533,000. Castleark Management LLC bought a new position in shares of DigitalGlobe during the fourth quarter valued at approximately $7,935,000. Two Sigma Investments LP raised its position in shares of DigitalGlobe by 41.6% in the fourth quarter. Two Sigma Investments LP now owns 228,336 shares of the technology company’s stock valued at $6,542,000 after buying an additional 67,132 shares during the period. Intellectus Partners LLC bought a new position in shares of DigitalGlobe during the fourth quarter valued at approximately $893,000. Finally, Fred Alger Management Inc. bought a new position in shares of DigitalGlobe during the fourth quarter valued at approximately $770,000. Institutional investors and hedge funds own 98.97% of the company’s stock.
DigitalGlobe Company Profile
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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