DigitalGlobe, Inc (DGI) Upgraded to Hold at BidaskClub

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.

TRADEMARK VIOLATION WARNING: This story was published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/2654534/digitalglobe-inc-dgi-upgraded-to-hold-at-bidaskclub.html.

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.

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.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.