Digi International Inc. (NASDAQ:DGII) has earned an average rating of “Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.90.
A number of equities analysts have recently weighed in on DGII shares. BidaskClub raised shares of Digi International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Canaccord Genuity reissued a “buy” rating and issued a $18.00 price objective on shares of Digi International in a research report on Wednesday, August 8th. Dougherty & Co reissued a “buy” rating and issued a $16.50 price objective (up previously from $14.00) on shares of Digi International in a research report on Tuesday, September 25th. ValuEngine lowered shares of Digi International from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Lake Street Capital set a $16.00 target price on shares of Digi International and gave the company a “buy” rating in a report on Thursday, September 27th.
In related news, Director Ahmed Nawaz sold 2,380 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $11.91, for a total value of $28,345.80. Following the completion of the sale, the director now directly owns 148,944 shares in the company, valued at $1,773,923.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Tracy L. Roberts sold 2,401 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $11.86, for a total transaction of $28,475.86. Following the completion of the sale, the vice president now owns 40,619 shares of the company’s stock, valued at $481,741.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,294 shares of company stock valued at $293,122. 6.80% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Digi International during the second quarter worth approximately $126,000. MetLife Investment Advisors LLC grew its stake in Digi International by 58.7% during the third quarter. MetLife Investment Advisors LLC now owns 19,843 shares of the technology company’s stock worth $267,000 after buying an additional 7,343 shares during the period. California Public Employees Retirement System grew its stake in Digi International by 8.9% during the second quarter. California Public Employees Retirement System now owns 63,011 shares of the technology company’s stock worth $832,000 after buying an additional 5,175 shares during the period. EAM Global Investors LLC purchased a new stake in Digi International during the second quarter worth approximately $1,219,000. Finally, EAM Investors LLC purchased a new stake in Digi International during the second quarter worth approximately $1,674,000. Institutional investors own 81.70% of the company’s stock.
NASDAQ:DGII opened at $11.08 on Thursday. The company has a market capitalization of $325.23 million, a PE ratio of 221.60, a PEG ratio of 3.03 and a beta of 1.41. Digi International has a 1-year low of $9.29 and a 1-year high of $14.70.
Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Thursday, November 15th. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $65.66 million during the quarter, compared to analyst estimates of $61.90 million. Digi International had a net margin of 0.57% and a return on equity of 1.32%. During the same quarter in the previous year, the business posted $0.16 earnings per share. Analysts forecast that Digi International will post 0.29 EPS for the current year.
Digi International Company Profile
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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