Digital Ally, Inc. (DGLY) Given Buy Rating at Westpark Capital

Westpark Capital reiterated their buy rating on shares of Digital Ally, Inc. (NASDAQ:DGLY) in a research note published on Thursday. They currently have a $8.00 price objective on the scientific and technical instruments company’s stock.

“We view this favorably as we believe any efforts to effectively monetize its patent portfolio or an outright sales will create meaningful amounts of shareholder value. We note that the M&A Advisor the company retained was the same advisor that played a role on the sale of COBAN Technologies, a leading provider of mobile video solutions to the law enforcement agencies, to Safe Fleet.  Moving forward with the Legal fights. In addition, the company is moving forward with legal fights against Axon and WatchGuard Video. The company’s management expects significant damages from Axon’s infringement of its `452 patent, and will be requesting an expedited path to a trial.”,” Westpark Capital’s analyst commented.

DGLY has been the topic of several other reports. ValuEngine cut shares of Digital Ally from a sell rating to a strong sell rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Digital Ally from a hold rating to a buy rating and set a $2.50 price objective on the stock in a research report on Wednesday, October 25th. Finally, Maxim Group reaffirmed a buy rating and issued a $9.00 price objective on shares of Digital Ally in a research report on Friday, October 20th.

Digital Ally (NASDAQ DGLY) traded down $0.05 on Thursday, reaching $2.25. 110,700 shares of the company traded hands, compared to its average volume of 460,860. Digital Ally has a 1-year low of $1.70 and a 1-year high of $6.00.

Digital Ally (NASDAQ:DGLY) last posted its quarterly earnings data on Monday, August 14th. The scientific and technical instruments company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The company had revenue of $3.50 million during the quarter, compared to the consensus estimate of $4.95 million. Digital Ally had a negative net margin of 72.07% and a negative return on equity of 148.01%. The company’s revenue was down 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.54) earnings per share. equities analysts predict that Digital Ally will post -1.25 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Digital Ally, Inc. (DGLY) Given Buy Rating at Westpark Capital” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2017/11/12/digital-ally-inc-dgly-given-buy-rating-at-westpark-capital.html.

An institutional investor recently raised its position in Digital Ally stock. Wells Fargo & Company MN grew its holdings in shares of Digital Ally, Inc. (NASDAQ:DGLY) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,617 shares of the scientific and technical instruments company’s stock after buying an additional 1,283 shares during the quarter. Wells Fargo & Company MN owned approximately 0.64% of Digital Ally worth $157,000 at the end of the most recent reporting period. 4.22% of the stock is currently owned by hedge funds and other institutional investors.

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.

Receive News & Ratings for Digital Ally Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Ally Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply