DigitalGlobe, Inc (NYSE:DGI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other research firms also recently issued reports on DGI. Jefferies Group LLC reaffirmed a “buy” rating and set a $44.00 price target on shares of DigitalGlobe in a research note on Tuesday, February 21st. Chardan Capital reaffirmed a “neutral” rating and set a $35.00 price target on shares of DigitalGlobe in a research note on Tuesday, February 21st. Finally, Dougherty & Co downgraded shares of DigitalGlobe from a “buy” rating to a “neutral” rating in a research note on Monday, February 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $31.79.

Analyst Recommendations for DigitalGlobe (NYSE:DGI)

Shares of DigitalGlobe (DGI) traded down 0.31% during trading on Wednesday, reaching $31.95. The company had a trading volume of 297,043 shares. The firm has a 50-day moving average of $31.68 and a 200 day moving average of $31.14. The firm has a market capitalization of $1.98 billion, a PE ratio of 180.51 and a beta of 0.96. DigitalGlobe has a 1-year low of $19.44 and a 1-year high of $35.95.

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

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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 transaction of $512,244.00. Following the completion of the transaction, the executive vice president now directly owns 109,037 shares of the company’s stock, valued at approximately $3,447,749.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Howell M. Estes sold 4,500 shares of the firm’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 transaction, the director now directly owns 62,363 shares of the company’s stock, valued at $2,052,989.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,558 shares of company stock valued at $815,126. 2.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of DigitalGlobe during the fourth quarter valued at $23,533,000. Castleark Management LLC bought a new position in shares of DigitalGlobe during the fourth quarter valued at $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 in the last quarter. Intellectus Partners LLC bought a new position in shares of DigitalGlobe during the fourth quarter valued at $893,000. Finally, Fred Alger Management Inc. bought a new position in shares of DigitalGlobe during the fourth quarter valued at $770,000. 98.97% of the stock is owned by institutional investors.

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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