Shares of Digi International Inc. (NASDAQ:DGII) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $15.50.
DGII has been the topic of a number of research analyst reports. Zacks Investment Research cut Digi International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. ValuEngine cut shares of Digi International from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. BidaskClub upgraded shares of Digi International from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 13th. Sidoti upgraded shares of Digi International from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Finally, Roth Capital began coverage on shares of Digi International in a research report on Friday, February 2nd. They issued a “buy” rating and a $15.00 price target for the company.
Digi International (NASDAQ:DGII) traded up $0.19 during midday trading on Tuesday, hitting $11.24. The company had a trading volume of 54,123 shares, compared to its average volume of 101,119. The firm has a market cap of $300.12, a P/E ratio of 40.18 and a beta of 1.40. Digi International has a 12 month low of $8.50 and a 12 month high of $12.95.
Digi International (NASDAQ:DGII) last posted its earnings results on Thursday, January 25th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $45.20 million for the quarter, compared to analysts’ expectations of $45.58 million. Digi International had a return on equity of 1.91% and a net margin of 1.34%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. equities analysts expect that Digi International will post 0.15 EPS for the current fiscal year.
In related news, COO Kevin C. Riley sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $10.45, for a total transaction of $209,000.00. Following the transaction, the chief operating officer now directly owns 97,941 shares in the company, valued at $1,023,483.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kevin C. Riley sold 4,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $10.50, for a total value of $42,000.00. Following the transaction, the chief operating officer now owns 81,941 shares in the company, valued at $860,380.50. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Digi International by 5.1% during the second quarter. State Street Corp now owns 729,474 shares of the technology company’s stock valued at $7,399,000 after purchasing an additional 35,133 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Digi International by 3.5% during the second quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock valued at $436,000 after purchasing an additional 1,464 shares in the last quarter. Millrace Asset Group Inc. raised its stake in shares of Digi International by 42.4% during the fourth quarter. Millrace Asset Group Inc. now owns 200,000 shares of the technology company’s stock valued at $1,910,000 after purchasing an additional 59,588 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Digi International by 6.7% during the second quarter. TIAA CREF Investment Management LLC now owns 128,218 shares of the technology company’s stock valued at $1,301,000 after purchasing an additional 8,056 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in Digi International during the fourth quarter worth about $119,000. Institutional investors and hedge funds own 77.88% of the company’s stock.
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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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