JP Morgan slashes price target on DigitalBridge Group Inc. [DBRG] – find out why.


DigitalBridge Group Inc. [NYSE: DBRG] gained 4.71% or 0.25 points to close at $5.56 with a heavy trading volume of 3626893 shares. The company report on July 19, 2022 that DigitalBridge Continues Asia-Pacific Expansion with Appointment of Tae Ahn as Head of Asia Capital Formation.

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Adds Significant Regional Fundraising and Client Support Capabilities to DigitalBridge’s Platform.

DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) today announced it has appointed Tae E. Ahn as Managing Director and Head of Asia Capital Formation at DigitalBridge Investment Management, effective immediately. Based in Singapore, he will work alongside DigitalBridge’s existing team with a focus on capital formation, coinvestment and client relationship management across Asia-Pacific.

It opened the trading session at $5.35, the shares rose to $5.58 and dropped to $5.31, the range by which the price of stock traded the whole day. The daily chart for DBRG points out that the company has recorded -20.91% loss over the past six months. However, it is still -23.83% lower than its most recent low trading price.

If we look at the average trading volume of 7.20M shares, DBRG reached to a volume of 3626893 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $9.29 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 0.22, with the Price to Sales ratio for DBRG stock in the period of the last 12 months amounting to 3.68. The Price to Book ratio for the last quarter was 5.91, with the Price to Cash per share for the same quarter was set at 1.68. Price to Free Cash Flow for DBRG in the course of the last twelve months was 13.51.

Trading performance analysis for DBRG stock

DigitalBridge Group Inc. [DBRG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.13. With this latest performance, DBRG shares gained by 11.65% in over the last four-week period, additionally sinking by -20.91% over the last 6 months – not to mention a drop of -17.38% 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 60.90, with the RSI for the last a single of trading hit 69.02, and the three-weeks RSI is set at 55.22 for DigitalBridge Group Inc. [DBRG]. The present Moving Average for the last 50 days of trading for this stock 5.31, while it was recorded at 5.29 for the last single week of trading, and 6.80 for the last 200 days.

DigitalBridge Group Inc. [DBRG]: A deeper dive into fundamental analysis

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.

An analysis of insider ownership at DigitalBridge Group Inc. [DBRG]

There are presently around $2,563 million, or 83.70% 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 $246.07 million in DBRG stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $158.85 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 August and at the time of the August reporting period, where 162 institutional holders increased their position in DigitalBridge Group Inc. [NYSE:DBRG] by around 49,976,821 shares. Additionally, 150 investors decreased positions by around 43,680,264 shares, while 67 investors held positions by with 367,366,008 shares. The mentioned changes placed institutional holdings at 461,023,093 shares, according to the latest SEC report filing. DBRG stock had 45 new institutional investments in for a total of 4,947,956 shares, while 59 institutional investors sold positions of 17,049,127 shares during the same period.