Piper Jaffray Companies Lowers DigitalGlobe Inc (NYSE:DGI) to Neutral
DigitalGlobe Inc (NYSE:DGI) was downgraded by investment analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a research report issued on Friday, Marketbeat reports. They currently have a $34.00 price objective on the technology company’s stock, down from their previous price objective of $37.00. Piper Jaffray Companies’ price objective would suggest a potential upside of 1.80% from the company’s previous close.
Separately, BidaskClub upgraded DigitalGlobe from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $32.07.
Shares of DigitalGlobe (NYSE:DGI) traded down 0.45% on Friday, reaching $33.40. 257,416 shares of the company were exchanged. The stock has a market capitalization of $2.07 billion, a PE ratio of 188.70 and a beta of 1.03. The company has a 50-day moving average price of $32.62 and a 200 day moving average price of $31.56. DigitalGlobe has a 1-year low of $22.71 and a 1-year high of $35.95.
DigitalGlobe (NYSE:DGI) last released its quarterly earnings results on Thursday, July 20th. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $209.13 million. DigitalGlobe had a return on equity of 0.54% and a net margin of 0.84%. DigitalGlobe’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. On average, analysts forecast that DigitalGlobe will post ($0.02) EPS for the current fiscal year.
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In other news, EVP Walter S. Scott sold 16,200 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was 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 in the company, valued at approximately $3,447,749.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jose Torres sold 3,858 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $31.75, for a total value of $122,491.50. Following the transaction, the insider now owns 39,594 shares of the company’s stock, valued at $1,257,109.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,070 shares of company stock valued at $1,682,341. Company insiders own 1.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Bbva Compass Bancshares Inc. boosted its position in DigitalGlobe by 2.0% in the first quarter. Bbva Compass Bancshares Inc. now owns 21,334 shares of the technology company’s stock valued at $698,000 after buying an additional 416 shares during the period. Suntrust Banks Inc. boosted its position in DigitalGlobe by 2.9% in the first quarter. Suntrust Banks Inc. now owns 16,903 shares of the technology company’s stock valued at $553,000 after buying an additional 475 shares during the period. Eqis Capital Management Inc. boosted its position in DigitalGlobe by 6.6% in the second quarter. Eqis Capital Management Inc. now owns 10,483 shares of the technology company’s stock valued at $349,000 after buying an additional 649 shares during the period. Alpha Windward LLC boosted its position in DigitalGlobe by 4.8% in the second quarter. Alpha Windward LLC now owns 14,400 shares of the technology company’s stock valued at $480,000 after buying an additional 660 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in DigitalGlobe by 1.2% in the first quarter. Parametric Portfolio Associates LLC now owns 114,660 shares of the technology company’s stock valued at $3,755,000 after buying an additional 1,394 shares during the period. Institutional investors own 98.71% 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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