DigitalGlobe (DGI) Getting Somewhat Favorable News Coverage, Report Finds

News headlines about DigitalGlobe (NYSE:DGI) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. DigitalGlobe earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 34 out of 100, indicating that recent media coverage is unlikely to have an impact on the stock’s share price in the next several days.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of DigitalGlobe from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Piper Jaffray Companies lowered shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $37.00 to $34.00 in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $33.75.

DigitalGlobe (DGI) opened at 34.65 on Wednesday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 1019.12 and a beta of 1.02. The firm has a 50-day moving average of $33.36 and a 200-day moving average of $31.91. DigitalGlobe has a one year low of $23.95 and a one year high of $35.95.

DigitalGlobe (NYSE:DGI) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. The business had revenue of $225.70 million during the quarter, compared to the consensus estimate of $209.13 million. DigitalGlobe had a net margin of 0.64% and a return on equity of 2.40%. DigitalGlobe’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. Analysts anticipate that DigitalGlobe will post ($0.08) EPS for the current year.

In other DigitalGlobe news, Director Warren Jenson sold 32,512 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $31.73, for a total value of $1,031,605.76. Following the completion of the sale, the director now directly owns 41,236 shares of the company’s stock, valued at approximately $1,308,418.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jose Torres sold 3,858 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $31.75, for a total transaction of $122,491.50. Following the completion of the sale, the insider now directly 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 ninety days, insiders have sold 52,570 shares of company stock valued at $1,666,341. 2.30% of the stock is owned by insiders.

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About DigitalGlobe

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.

Insider Buying and Selling by Quarter for DigitalGlobe (NYSE:DGI)

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