News articles about Digi International (NASDAQ:DGII) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Digi International earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.4625958718974 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
Shares of Digi International traded down $0.05, reaching $13.95, during trading on Friday, Marketbeat.com reports. The company had a trading volume of 791 shares, compared to its average volume of 86,662. The firm has a market cap of $377.40 million, a P/E ratio of 37.70 and a beta of 1.43. Digi International has a fifty-two week low of $8.50 and a fifty-two week high of $14.70.
Digi International (NASDAQ:DGII) last released its earnings results on Thursday, April 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.03). The company had revenue of $54.79 million during the quarter, compared to analyst estimates of $52.70 million. Digi International had a net margin of 0.39% and a return on equity of 1.41%. analysts expect that Digi International will post -0.04 earnings per share for the current fiscal year.
Digi International declared that its board has initiated a share buyback plan on Thursday, April 26th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Several research firms have commented on DGII. Zacks Investment Research raised Digi International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. BidaskClub raised Digi International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 9th. Dougherty & Co began coverage on Digi International in a research report on Tuesday, March 27th. They set a “buy” rating and a $14.00 price target on the stock. Canaccord Genuity lifted their price target on Digi International from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, ValuEngine raised Digi International from a “hold” rating to a “buy” rating in a research report on Monday, May 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $14.20.
In other news, VP Tracy L. Roberts sold 8,438 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $12.03, for a total value of $101,509.14. Following the transaction, the vice president now owns 49,512 shares of the company’s stock, valued at $595,629.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.80% of the company’s stock.
About Digi International
Digi International Inc provides Internet of Things networking hardware products and solutions. It operates in two segments, Machine-to-Machine and Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.
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