Digi International (NASDAQ:DGII) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
DGII has been the topic of a number of other reports. Lake Street Capital reissued a “buy” rating and set a $16.00 target price on shares of Digi International in a report on Friday, July 27th. First Analysis set a $16.00 target price on Digi International and gave the stock a “buy” rating in a report on Thursday, July 5th. Canaccord Genuity boosted their target price on Digi International from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, September 17th. Finally, Dougherty & Co reissued a “buy” rating and set a $16.50 target price (up from $14.00) on shares of Digi International in a report on Tuesday, September 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $16.90.
Shares of DGII stock traded down $0.09 during trading on Wednesday, reaching $11.63. 1,880 shares of the company’s stock were exchanged, compared to its average volume of 64,061. The firm has a market capitalization of $325.01 million, a PE ratio of 32.03, a PEG ratio of 2.45 and a beta of 1.35. Digi International has a twelve month low of $9.21 and a twelve month high of $14.70.
In related news, VP Jon A. Nyland sold 13,995 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $13.22, for a total value of $185,013.90. Following the completion of the sale, the vice president now directly owns 48,646 shares in the company, valued at approximately $643,100.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.80% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Digi International in the 2nd quarter valued at $126,000. California Public Employees Retirement System boosted its stake in Digi International by 8.9% in the 2nd quarter. California Public Employees Retirement System now owns 63,011 shares of the technology company’s stock valued at $832,000 after purchasing an additional 5,175 shares during the period. EAM Global Investors LLC bought a new stake in Digi International in the 2nd quarter valued at $1,219,000. EAM Investors LLC bought a new stake in Digi International in the 2nd quarter valued at $1,674,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in Digi International by 16.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,015,964 shares of the technology company’s stock valued at $13,411,000 after purchasing an additional 145,454 shares during the period. Institutional investors and hedge funds own 80.55% 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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