Digital Ally, Inc. (DGLY) Releases Quarterly Earnings Results

Digital Ally, Inc. (NASDAQ:DGLY) issued its quarterly earnings results on Monday, May 15th. The scientific and technical instruments company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.03, Morningstar.com reports. Digital Ally had a negative net margin of 71.44% and a negative return on equity of 115.56%. The firm had revenue of $5.23 million during the quarter, compared to the consensus estimate of $4.57 million. During the same quarter last year, the firm posted ($0.34) earnings per share. Digital Ally’s revenue was up 18.9% compared to the same quarter last year.

Digital Ally (DGLY) remained flat at $3.85 on Friday. 16,952 shares of the company were exchanged. Digital Ally has a 1-year low of $3.53 and a 1-year high of $7.23. The stock’s market cap is $21.86 million. The firm’s 50 day moving average is $3.89 and its 200-day moving average is $4.32.

Earnings History for Digital Ally (NASDAQ:DGLY)

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A number of equities research analysts have recently weighed in on DGLY shares. Westpark Capital set a $9.00 price target on Digital Ally and gave the company a “buy” rating in a report on Tuesday, May 16th. Zacks Investment Research lowered Digital Ally from a “hold” rating to a “sell” rating in a research report on Monday, April 3rd. ValuEngine upgraded Digital Ally from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Maxim Group restated a “buy” rating and set a $11.00 price objective on shares of Digital Ally in a research report on Tuesday, March 28th.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Digital Ally by 3.6% in the first quarter. Vanguard Group Inc. now owns 192,482 shares of the scientific and technical instruments company’s stock worth $818,000 after buying an additional 6,693 shares during the period. Honkamp Krueger Financial Services Inc. raised its position in Digital Ally by 25.1% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 24,936 shares of the scientific and technical instruments company’s stock valued at $107,000 after buying an additional 5,000 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Digital Ally by 3.6% in the first quarter. Wells Fargo & Company MN now owns 36,617 shares of the scientific and technical instruments company’s stock valued at $157,000 after buying an additional 1,283 shares in the last quarter. Institutional investors and hedge funds own 6.27% of the company’s stock.

Digital Ally Company Profile

Digital Ally, Inc produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles (ATVs) and boats; a miniature digital video system designed to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies.

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