Digi International Inc. (NASDAQ:DGII) COO Kevin C. Riley sold 4,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $10.50, for a total value of $42,000.00. Following the completion of the transaction, the chief operating officer now owns 81,941 shares in the company, valued at $860,380.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Digi International Inc. (NASDAQ:DGII) opened at $10.30 on Wednesday. Digi International Inc. has a 12-month low of $8.50 and a 12-month high of $13.35. The stock has a market capitalization of $285.15, a price-to-earnings ratio of 47.96 and a beta of 1.48.
Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). Digi International had a return on equity of 1.91% and a net margin of 1.34%. The company had revenue of $45.20 million during the quarter, compared to the consensus estimate of $45.58 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. equities analysts forecast that Digi International Inc. will post 0.15 EPS for the current year.
Several large investors have recently bought and sold shares of DGII. Millrace Asset Group Inc. boosted its position in shares of Digi International by 42.4% in the 4th quarter. Millrace Asset Group Inc. now owns 200,000 shares of the technology company’s stock worth $1,910,000 after purchasing an additional 59,588 shares during the last quarter. State Street Corp boosted its position in shares of Digi International by 5.1% in the 2nd quarter. State Street Corp now owns 729,474 shares of the technology company’s stock worth $7,399,000 after purchasing an additional 35,133 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Digi International by 226.1% in the 4th quarter. Arizona State Retirement System now owns 44,816 shares of the technology company’s stock worth $428,000 after purchasing an additional 31,075 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Digi International in the 4th quarter worth $119,000. Finally, Rhumbline Advisers boosted its position in shares of Digi International by 15.7% in the 4th quarter. Rhumbline Advisers now owns 64,118 shares of the technology company’s stock worth $612,000 after purchasing an additional 8,697 shares during the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.
A number of research analysts have commented on DGII shares. Canaccord Genuity reiterated a “buy” rating on shares of Digi International in a research report on Friday, October 27th. TheStreet upgraded Digi International from a “c+” rating to a “b” rating in a research report on Friday, October 27th. Zacks Investment Research lowered Digi International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. BidaskClub lowered Digi International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 6th. Finally, Sidoti upgraded Digi International from a “neutral” rating to a “buy” rating in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.00.
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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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