DigitalBridge Group Inc. [NYSE: DBRG] stock went on an upward path that rose over 3.95% on Friday, amounting to a one-week price decrease of less than -13.35%. The company report on June 17, 2022 that Databank Announces Major Recapitalization.
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New Investor Consortium to Acquire 27% Interest in DataBank Positioning it to Capture Edge Infrastructure Demand Over the Next Decade.
DataBank, a leading provider of enterprise-class colocation, interconnection, and managed services, today announced a recapitalization led by long-term institutional investors Swiss Life Asset Management AG (“SLAM”), EDF Invest (“EDF”) and current DataBank investor DigitalBridge. The initial stage of the recapitalization is being structured as a sale of ownership interests with SLAM and EDF acquiring 27% of the fully diluted equity interests in DataBank from existing investors for $1.2 billion.
Over the last 12 months, DBRG stock dropped by -40.60%. The one-year DigitalBridge Group Inc. stock forecast points to a potential upside of 51.93. The average equity rating for DBRG stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.99 billion, with 569.94 million shares outstanding and 556.93 million shares in the current float. Compared to the average trading volume of 5.15M shares, DBRG stock reached a trading volume of 47640864 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on DigitalBridge Group Inc. [DBRG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DBRG shares is $9.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DBRG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for DigitalBridge Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 18, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price to Underweight. The new note on the price target was released on February 14, 2022, representing the official price target for DigitalBridge Group Inc. stock. Previously, the target price had yet another raise to $11, while RBC Capital Mkts analysts kept a Outperform rating on DBRG stock. On October 07, 2021, analysts increased their price target for DBRG shares from 8.50 to 9.
The Average True Range (ATR) for DigitalBridge Group Inc. is set at 0.34, with the Price to Sales ratio for DBRG stock in the period of the last 12 months amounting to 2.98. The Price to Book ratio for the last quarter was 5.04, with the Price to Cash per share for the same quarter was set at 1.77. Price to Free Cash Flow for DBRG in the course of the last twelve months was 10.93.
DBRG Stock Performance Analysis:
DigitalBridge Group Inc. [DBRG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.35. With this latest performance, DBRG shares dropped by -19.93% in over the last four-week period, additionally sinking by -40.38% over the last 6 months – not to mention a drop of -40.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DBRG stock in for the last two-week period is set at 34.08, with the RSI for the last a single of trading hit 33.50, and the three-weeks RSI is set at 35.41 for DigitalBridge Group Inc. [DBRG]. The present Moving Average for the last 50 days of trading for this stock 6.20, while it was recorded at 4.75 for the last single week of trading, and 6.98 for the last 200 days.
Insight into DigitalBridge Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and DigitalBridge Group Inc. [DBRG] shares currently have an operating margin of -34.14 and a Gross Margin at +11.38. DigitalBridge Group Inc.’s Net Margin is presently recorded at +30.03.
Return on Equity for this stock inclined to 12.48, with Return on Assets sitting at 1.69.
DigitalBridge Group Inc. [DBRG] Insider Position Details
There are presently around $2,181 million, or 72.90% of DBRG stock, in the hands of institutional investors. The top three institutional holders of DBRG stocks are: VANGUARD GROUP INC with ownership of 74,983,124, which is approximately 2.274% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 44,258,022 shares of the stock with an approximate value of $209.78 million in DBRG stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $135.42 million in DBRG stock with ownership of nearly 0% of the company’s market capitalization.
Positions in DigitalBridge Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 162 institutional holders increased their position in DigitalBridge Group Inc. [NYSE:DBRG] by around 47,933,825 shares. Additionally, 160 investors decreased positions by around 45,741,257 shares, while 62 investors held positions by with 366,549,590 shares. The mentioned changes placed institutional holdings at 460,224,672 shares, according to the latest SEC report filing. DBRG stock had 46 new institutional investments in for a total of 3,080,961 shares, while 64 institutional investors sold positions of 19,772,376 shares during the same period.