Ownership Don’t Lie: Do Institutional Investors Hate Digital Ally Inc (NASDAQ:DGLY)?

November 21, 2016 - By Peter Erickson   ·   0 Comments

Ownership Don't Lie: Do Institutional Investors Hate Digital Ally Inc (NASDAQ:DGLY)?

Sentiment for Digital Ally Inc (NASDAQ:DGLY)

Digital Ally Inc (NASDAQ:DGLY) institutional sentiment increased to 0.71 in 2016 Q2. Its up 0.27, from 0.44 in 2016Q1. The ratio is better, as 4 investment managers started new and increased equity positions, while 9 sold and decreased stock positions in Digital Ally Inc. The investment managers in our partner’s database now hold: 252,047 shares, down from 277,265 shares in 2016Q1. Also, the number of investment managers holding Digital Ally Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 5 Increased: 3 New Position: 1.

Digital Ally, Inc. produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The company has a market cap of $26.24 million. 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 clients 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 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. It currently has negative earnings.

About 4,559 shares traded hands. Digital Ally, Inc. (NASDAQ:DGLY) has risen 8.70% since April 19, 2016 and is uptrending. It has outperformed by 4.84% the S&P500.

According to Zacks Investment Research, “Digital Ally was created to supply technology based products to the law enforcement and security industry. While their main concentration is in the development and application of new concepts, they also recognize the value of retrofitting existing installations with cost-effective digital sub-systems. This flexibility allows to compete in established markets as they simultaneously promote the industry’s transition towards advanced technologies.”

Bank Of America Corp De holds 0% of its portfolio in Digital Ally, Inc. for 554 shares. Blackrock Fund Advisors owns 832 shares or 0% of their US portfolio. Moreover, Blackrock Institutional Trust Company N.A. has 0% invested in the company for 49,500 shares. The Kansas-based Creative Planning has invested 0% in the stock. Deutsche Bank Ag, a Germany-based fund reported 76 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 1 insider sale for $31,549 net activity.

Digital Ally, Inc. (NASDAQ:DGLY) Ratings Coverage

Ratings analysis reveals 33% of Digital Ally’s analysts are positive. Out of 3 Wall Street analysts rating Digital Ally, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $7 while the high is $16.0. The stock’s average target of $7 is 39.17% above today’s ($5.03) share price. DGLY was included in 7 notes of analysts from August 10, 2015. The firm has “Buy” rating given on Thursday, August 18 by Maxim Group. The stock of Digital Ally, Inc. (NASDAQ:DGLY) has “Hold” rating given on Wednesday, August 19 by Zacks. As per Tuesday, August 25, the company rating was downgraded by Zacks. The firm has “Neutral” rating given on Friday, November 13 by TH Capital. The rating was downgraded by Roth Capital on Friday, November 13 to “Neutral”. The stock has “Buy” rating given by Roth Capital on Monday, August 10. As per Monday, August 10, the company rating was maintained by TH Capital.

DGLY Company Profile

Digital Ally, Inc., incorporated on December 13, 2000, 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 clients 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. The Firm sells its products to law enforcement agencies and other security organizations, consumer and commercial fleet operators through direct sales domestically and third-party distributors internationally.

More recent Digital Ally, Inc. (NASDAQ:DGLY) news were published by: Marketwired.com which released: “Digital Ally, Inc. Announces Third Quarter Operating Results” on November 09, 2016. Also Streetinsider.com published the news titled: “Digital Ally (DGLY) Commences DVM-800HD in-Car Video System Shipments” on November 18, 2016. Benzinga.com‘s news article titled: “Digital Ally And 3 Law Enforcement Stocks You May Have Never Heard Of Are Surging” with publication date: July 08, 2016 was also an interesting one.

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By Peter Erickson


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