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DigitalBridge Group Inc. Is A Buy Small Cap Stock: Analysts

DigitalBridge Group Inc. (NYSE:DBRG) has a beta value of 2.01 and has seen 3.84 million shares traded in the last trading session. The company, currently valued at $1.99B, closed the last trade at $12.81 per share which meant it gained $0.64 on the day or 5.26% during that session. The DBRG stock price is -150.74% off its 52-week high price of $32.12 and 18.89% above the 52-week low of $10.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.06 million shares traded. The 3-month trading volume is 1.72 million shares.

The consensus among analysts is that DigitalBridge Group Inc. (DBRG) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 8 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.21.

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DigitalBridge Group Inc. (NYSE:DBRG) trade information

Sporting 5.26% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the DBRG stock price touched $12.81 or saw a rise of 0.93%. Year-to-date, DigitalBridge Group Inc. shares have moved 17.09%, while the 5-day performance has seen it change 5.96%. Over the past 30 days, the shares of DigitalBridge Group Inc. (NYSE:DBRG) have changed 13.97%. Short interest in the company has seen 8.79 million shares shorted with days to cover at 3.95.

Wall Street analysts have a consensus price target for the stock at $22.06, which means that the shares’ value could jump 41.93% from current levels. The projected low price target is $12.50 while the price target rests at a high of $35.00. In that case, then, we find that the current price level is -173.22% off the targeted high while a plunge would see the stock lose 2.42% from current levels.

DigitalBridge Group Inc. (DBRG) estimates and forecasts

Figures show that DigitalBridge Group Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -39.23% over the past 6 months, with this year growth rate of 133.33%, compared to -4.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -165.60% and 12.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 18.80%.

7 analysts offering their estimates for the company have set an average revenue estimate of $294.14 million for the current quarter. 7 have an estimated revenue figure of $306.46 million for the next quarter concluding in Dec 2022. Year-ago sales stood $252.17 million and $255.86 million respectively for this quarter and the next, and analysts expect sales will grow by 16.60% for the current quarter and 19.80% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -22.60% over the past 5 years.

DBRG Dividends

DigitalBridge Group Inc. is expected to release its next earnings report between February 22 and February 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 0.31%. The company’s dividend yield has gone up over the past 12 months.

DigitalBridge Group Inc. (NYSE:DBRG)’s Major holders

Insiders own 4.29% of the company shares, while shares held by institutions stand at 87.39% with a share float percentage of 91.31%. Investors are also buoyed by the number of investors in a company, with DigitalBridge Group Inc. having a total of 407 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 21.38 million shares worth more than $417.38 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 3.26% of shares outstanding.

The other major institutional holder is Wafra Inc., with the holding of over 14.44 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $281.78 million and represent 2.20% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and Vanguard Specialized-Real Estate Index Fund. As of Jun 29, 2022, the former fund manager holds about 1.13% shares in the company for having 7.42 million shares of worth $144.84 million while later fund manager owns 6.52 million shares of worth $143.01 million as of Jul 30, 2022, which makes it owner of about 1.00% of company’s outstanding stock.

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