News coverage about Digi International (NASDAQ:DGII) has trended positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Digi International earned a news impact score of 0.37 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.4523595240017 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
Shares of DGII stock opened at $10.60 on Friday. The stock has a market cap of $286.51, a PE ratio of 28.65, a P/E/G ratio of 17.67 and a beta of 1.45. Digi International has a 1-year low of $8.50 and a 1-year high of $12.52.
Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ 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 previous year, the company earned $0.08 earnings per share. research analysts anticipate that Digi International will post 0.06 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Digi International from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of Digi International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 28th. Dougherty & Co assumed coverage on shares of Digi International in a research note on Tuesday, March 27th. They set a “buy” rating and a $14.00 price target on the stock. BidaskClub raised shares of Digi International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Roth Capital assumed coverage on shares of Digi International in a research note on Friday, February 2nd. They set a “buy” rating and a $15.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.00.
In other news, COO Kevin C. Riley sold 20,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were 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 approximately $1,023,483.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Kevin C. Riley sold 4,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $10.50, for a total transaction 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.
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About Digi International
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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