DigitalGlobe Inc. (NYSE:DGI) shares dropped 3% during trading on Thursday . The stock traded as low as $22.95 and last traded at $23.01, with a volume of 148,314 shares changing hands. The stock had previously closed at $23.71.

DGI has been the subject of several research reports. Zacks Investment Research raised shares of DigitalGlobe from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, July 13th. Jefferies Group reaffirmed a “buy” rating on shares of DigitalGlobe in a report on Thursday, April 28th. Dougherty & Co reissued a “buy” rating on shares of DigitalGlobe in a research note on Thursday, April 28th. Morgan Stanley lowered shares of DigitalGlobe from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $22.00 to $23.00 in a research note on Tuesday, May 17th. Finally, TheStreet raised shares of DigitalGlobe from a “sell” rating to a “hold” rating in a research note on Thursday, April 28th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.75.

The company has a market capitalization of $1.46 billion and a P/E ratio of 51.08. The firm has a 50 day moving average price of $21.45 and a 200 day moving average price of $18.12.

DigitalGlobe (NYSE:DGI) last released its earnings results on Wednesday, April 27th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.14. The company had revenue of $175.40 million for the quarter, compared to analyst estimates of $166.54 million. DigitalGlobe’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) earnings per share. On average, equities research analysts anticipate that DigitalGlobe Inc. will post $0.30 earnings per share for the current year.

A number of institutional investors recently added to or reduced their stakes in DGI. Rhumbline Advisers boosted its position in DigitalGlobe by 1.9% in the fourth quarter. Rhumbline Advisers now owns 104,159 shares of the company’s stock valued at $1,631,000 after buying an additional 1,910 shares during the last quarter. I.G. Investment Management LTD. boosted its position in shares of DigitalGlobe by 6.5% in the fourth quarter. I.G. Investment Management LTD. now owns 71,063 shares of the company’s stock worth $1,113,000 after buying an additional 4,324 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of DigitalGlobe by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 201,600 shares of the company’s stock worth $3,157,000 after buying an additional 5,600 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of DigitalGlobe by 10.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 108,350 shares of the company’s stock worth $1,697,000 after buying an additional 10,000 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of DigitalGlobe by 5.6% in the fourth quarter. TD Asset Management Inc. now owns 187,000 shares of the company’s stock worth $2,928,000 after buying an additional 10,000 shares in the last quarter.

DigitalGlobe, Inc is a provider of high-resolution Earth-imagery products and services. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology.

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