Sunday, June 26, 2022

Taking a Closer Look At DigitalBridge Group Inc. (DBRG) Following Its Recent Trade

DigitalBridge Group Inc.’s filing revealed that its Chief Accounting Officer Kim Sonia unloaded Company’s shares for reported $89870.0 on Nov 16. In the deal valued at $8.17 per share,11,000 shares were sold. As a result of this transaction, Kim Sonia now holds 224,626 shares worth roughly $ 1.06 million.

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Then, LANDMARK DIVIDEND LLC bought 695,091 shares, generating $11,456,837 in total proceeds. Upon buying the shares at $16.48, the 10% Owner now owns 5,066,408 shares.

Before that, LANDMARK DIVIDEND LLC bought 452,158 shares. DigitalBridge Group Inc. shares valued at $7,425,791 were divested by the 10% Owner at a price of $16.42 per share. As a result of the transaction, LANDMARK DIVIDEND LLC now holds 4,371,317 shares, worth roughly $20.68 million.

While this happened, JP Morgan upgraded its DigitalBridge Group Inc. [DBRG] rating to a Neutral from a an Underweight in a research note published on Tuesday. PT values the company’s stock at a premium of 32.43 to its Tuesday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid February with a ‘”an Underweight”‘ rating. RBC Capital Mkts began covering DBRG with a “an Outperform” recommendation on December 16, 2021. Raymond James revised its rating on October 07, 2021. It rated DBRG as “a Strong buy” which previously was an “an Outperform”.

Price Performance Review of DBRG

On Tuesday, DigitalBridge Group Inc. [NYSE:DBRG] saw its stock fall -0.21% to $4.73. On the same session, the stock had its day’s lowest price of $4.72, but rose to a high of $5.06. Over the last five days, the stock has lost -4.64%. DigitalBridge Group Inc. shares have fallen nearly -43.22% since the year began. Nevertheless, the stocks have fallen -44.35% over the past one year. While a 52-week high of $8.69 was reached on 01/03/22, a 52-week low of $4.49 was recorded on 06/14/22. SMA at 50 days reached $6.15, while 200 days put it at $6.97. A total of 11.17 million shares were traded, compared to the trading of 7.24 million shares in the previous session.

Levels Of Support And Resistance For DBRG Stock

The 24-hour chart illustrates a support level at 4.61, which if violated will result in even more drops to 4.50. On the upside, there is a resistance level at 4.95. A further resistance level may holdings at 5.18. The Relative Strength Index (RSI) on the 14-day chart is 33.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.64%. Stochastics %K at 14.59% indicates the stock is a buying.

DigitalBridge Group Inc. [DBRG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 73,725,330 shares, or roughly 12.35% of the outstanding DBRG shares. In other words, the investor’s shares have risen by 1,728,886 from its previous 13-F filing of 71996444.0. Additionally, BlackRock Fund Advisors decreased -1.78% of its stake after which the total value it holdings stand at $210,804,188, while The Baupost Group LLC added 66.06% of its stake to hold $183.6 million in the firm. Over the last quarter, Capital Research & Management Co sold 0 shares of DigitalBridge Group Inc., while SSgA Funds Management, Inc. sold 3,184,920 shares. At present, Cohen & Steers Capital Management is holding 18,908,648 shares valued at $113.83 million. T. Rowe Price Associates, Inc. owned 14,698,030 shares of the company at the time of its most recent 13F filing, worth $88.48 million.

According to FactSet, DigitalBridge Group Inc.’s share price will average $9.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 89.87 percent from its previous closing price of $4.74. Analysts expect DigitalBridge Group Inc. stock to reach the higher price of $11.00, while the lowest price estimate is $7.00. However, 8 analysts have rated DBRG stock as an Overweight in their predictions for 2022. The most recent change occurred on August 10, 2021 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $8.50 price target.

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