Shares of DigitalGlobe, Inc (NYSE:DGI) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $32.88.
DGI has been the subject of a number of analyst reports. BidaskClub raised shares of DigitalGlobe from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Piper Jaffray Companies cut shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $37.00 to $34.00 in a research report on Friday, July 21st.
In other DigitalGlobe news, EVP Walter S. Scott sold 16,200 shares of the firm’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 owns 109,037 shares of the company’s stock, valued at $3,447,749.94. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Warren Jenson sold 32,512 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $31.73, for a total transaction of $1,031,605.76. Following the completion of the transaction, the director now directly owns 41,236 shares of the company’s stock, valued at approximately $1,308,418.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,570 shares of company stock valued at $1,666,341. Corporate insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of DigitalGlobe during the first quarter valued at about $179,000. Prudential Financial Inc. boosted its position in shares of DigitalGlobe by 3.9% in the second quarter. Prudential Financial Inc. now owns 7,167 shares of the technology company’s stock valued at $239,000 after buying an additional 270 shares during the period. Principal Financial Group Inc. boosted its position in shares of DigitalGlobe by 1.4% in the second quarter. Principal Financial Group Inc. now owns 7,697 shares of the technology company’s stock valued at $256,000 after buying an additional 110 shares during the period. Karp Capital Management Corp acquired a new position in shares of DigitalGlobe during the first quarter valued at about $293,000. Finally, Eqis Capital Management Inc. boosted its position in shares of DigitalGlobe by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 9,834 shares of the technology company’s stock valued at $322,000 after buying an additional 1,647 shares during the period. 98.53% of the stock is owned by hedge funds and other institutional investors.
Shares of DigitalGlobe (NYSE:DGI) traded up 0.58% during trading on Friday, reaching $34.65. 241,231 shares of the company were exchanged. The firm has a market capitalization of $2.16 billion, a PE ratio of 1019.12 and a beta of 1.02. DigitalGlobe has a 1-year low of $23.95 and a 1-year high of $35.95. The company’s 50-day moving average is $33.36 and its 200 day moving average is $31.91.
DigitalGlobe (NYSE:DGI) last posted its earnings results on Thursday, July 20th. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.07. DigitalGlobe had a net margin of 0.64% and a return on equity of 2.40%. The company had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $209.13 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. DigitalGlobe’s revenue for the quarter was up 28.6% compared to the same quarter last year. Equities research analysts expect that DigitalGlobe will post ($0.08) EPS for the current fiscal year.
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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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