Digi International Inc. (NASDAQ:DGII) was downgraded by research analysts at Sidoti from a “buy” rating to a “neutral” rating in a report issued on Monday, October 16th, MarketBeat reports. They currently have a $12.00 target price on the technology company’s stock. Sidoti’s price target would suggest a potential upside of 17.65% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Digi International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Canaccord Genuity restated a “buy” rating and set a $15.00 price target on shares of Digi International in a research note on Friday, July 28th. Finally, BidaskClub downgraded shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.00.
Digi International (NASDAQ DGII) opened at 10.20 on Monday. Digi International has a 52 week low of $8.50 and a 52 week high of $14.15. The stock has a market cap of $270.70 million, a P/E ratio of 31.00 and a beta of 1.49. The stock has a 50 day moving average price of $10.31 and a 200-day moving average price of $10.17.
Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. Digi International had a net margin of 4.74% and a return on equity of 3.17%. The business had revenue of $45.10 million for the quarter, compared to analyst estimates of $45.66 million. During the same quarter in the prior year, the business posted $0.14 EPS. Digi International’s revenue for the quarter was down 10.7% compared to the same quarter last year. On average, equities analysts anticipate that Digi International will post $0.27 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in Digi International during the first quarter worth $106,000. Arizona State Retirement System boosted its holdings in Digi International by 0.7% during the second quarter. Arizona State Retirement System now owns 13,841 shares of the technology company’s stock worth $140,000 after buying an additional 100 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in Digi International during the first quarter worth $148,000. Thrivent Financial For Lutherans boosted its holdings in Digi International by 6.1% during the second quarter. Thrivent Financial For Lutherans now owns 15,830 shares of the technology company’s stock worth $161,000 after buying an additional 910 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Digi International by 3.5% during the second quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock worth $436,000 after buying an additional 1,464 shares in the last quarter. 78.27% of the stock is currently owned by hedge funds and other institutional investors.
Digi International Company Profile
Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.
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