DigitalBridge Group (NYSE:DBRG) Sets New 52-Week Low – Time to Sell?

DigitalBridge Group, Inc. (NYSE:DBRG)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $10.04 and last traded at $10.20, with a volume of 258870 shares. The stock had previously closed at $10.18.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JMP Securities assumed coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Raymond James cut their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. Truist Financial cut their price target on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $16.67.

DigitalBridge Group Stock Performance

The firm’s fifty day simple moving average is $10.99 and its 200 day simple moving average is $12.63. The firm has a market cap of $2.14 billion, a P/E ratio of 16.82, a P/E/G ratio of 2.94 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 21.42% and a return on equity of 3.58%. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.04 earnings per share for the current year.

Institutional Trading of DigitalBridge Group

Institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of DigitalBridge Group during the third quarter worth approximately $34,000. Sunbelt Securities Inc. increased its position in shares of DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after acquiring an additional 1,464 shares during the period. Spire Wealth Management purchased a new position in shares of DigitalBridge Group during the fourth quarter worth approximately $37,000. Point72 Hong Kong Ltd purchased a new position in shares of DigitalBridge Group during the fourth quarter worth approximately $39,000. Finally, Blue Trust Inc. increased its position in shares of DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after acquiring an additional 2,408 shares during the period. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.