A better buy-in window may exist right now for DigitalBridge Group Inc. (DBRG)

DigitalBridge Group Inc. (NYSE: DBRG) stock jumped 1.67% on Friday to $5.48 against a previous-day closing price of $5.39. With 4.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.07 million shares. During the session, the REIT – Diversified company that operates in wider Real Estate sector, reached to the highest price of $5.55 whereas the lowest price it dropped to was $5.39. The 52-week range on DBRG shows that it touched its highest point at $8.55 and its lowest point at $4.49 during that stretch. It currently has a 1-year price target of $9.29. Beta for the stock currently stands at 1.82.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DBRG was up-trending over the past week, with a rise of 3.20%, but this was up by 7.45% over a month. Three-month performance dropped to -21.15% while six-month performance fell -25.24%. The stock lost -18.93% in the past year, while it has lost -34.21% so far this year. A look at the trailing 12-month EPS for DBRG yields -0.39 with Next year EPS estimates of -0.00. For the next quarter, that number is -0.04. This implies an EPS growth rate of 72.00% for this year and 105.90% for next year.

Float and Shares Shorts:

At present, 569.94 million DBRG shares are outstanding with a float of 556.93 million shares on hand for trading. On Jul 14, 2022, short shares totaled 25.09 million, which was 3.83% higher than short shares on Jun 14, 2022. In addition to Mr. Marc Christopher Ganzi as the firm’s CEO & Director, Mr. Jacky Wu serves as its EVP, CFO & Treasurer.

Institutional Ownership:

Through their ownership of 83.66% of DBRG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.98% of DBRG, in contrast to 33.09% held by mutual funds. Shares owned by individuals account for 1.26%. As the largest shareholder in DBRG with 12.35% of the stake, The Vanguard Group, Inc. holds 73,725,330 shares worth 73,725,330. A second-largest stockholder of DBRG, BlackRock Fund Advisors, holds 35,017,307 shares, controlling over 5.87% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in DBRG, holding 28,570,127 shares or 4.79% stake. With a 4.97% stake in DBRG, the American Funds Small Cap World Fu is the largest stakeholder. A total of 29,680,327 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.38% of DBRG stock, is the second-largest Mutual Fund holder. It holds 26,168,323 shares valued at 127.7 million. Vanguard Total Stock Market Index holds 2.94% of the stake in DBRG, owning 17,561,462 shares worth 85.7 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DBRG since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DBRG analysts setting a high price target of $11.00 and a low target of $7.00, the average target price over the next 12 months is $9.00. Based on these targets, DBRG could surge 100.73% to reach the target high and rise by 27.74% to reach the target low. Reaching the average price target will result in a growth of 64.23% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DBRG will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of -$0.45 being high and -$0.99 being low. For DBRG, this leads to a yearly average estimate of -$0.59. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. DigitalBridge Group Inc. surprised analysts by -$0.44 when it reported -$0.46 EPS against a consensus estimate of -$0.02. The surprise factor in the prior quarter was $0.05. The average estimate for the next quarter is thus -$0.07.

Summary of Insider Activity:

Insiders traded DBRG stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 106,872 shares were bought while 0 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 1,323,903 while 477,104 shares were sold.

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