Digi International (NASDAQ:DGII) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Several other research analysts have also commented on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $21.00 price objective on shares of Digi International in a research note on Friday, November 16th. BidaskClub raised shares of Digi International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Lake Street Capital set a $16.00 price objective on shares of Digi International and gave the stock a “buy” rating in a research note on Thursday, September 27th. Finally, Dougherty & Co reaffirmed a “buy” rating and set a $16.50 price objective (up from $14.00) on shares of Digi International in a research note on Tuesday, September 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Digi International has a consensus rating of “Buy” and a consensus price target of $16.90.
NASDAQ DGII opened at $11.23 on Wednesday. The firm has a market cap of $304.35 million, a price-to-earnings ratio of 224.60, a PEG ratio of 2.83 and a beta of 1.41. Digi International has a 52 week low of $9.29 and a 52 week high of $14.70.
Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Thursday, November 15th. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. The company 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 period in the previous year, the firm earned $0.16 earnings per share. As a group, equities analysts anticipate that Digi International will post 0.29 EPS for the current fiscal year.
In related news, VP Tracy L. Roberts sold 2,401 shares of Digi International stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $11.86, for a total value of $28,475.86. Following the completion of the sale, the vice president now directly owns 40,619 shares in the company, valued at $481,741.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ahmed Nawaz sold 2,380 shares of Digi International stock in a transaction dated 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 transaction, the director now owns 148,944 shares in the company, valued at approximately $1,773,923.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,294 shares of company stock valued at $293,122. Corporate insiders own 6.80% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of DGII. EAM Investors LLC purchased a new position in Digi International in the second quarter valued at about $1,674,000. Gilder Gagnon Howe & Co. LLC grew its stake in Digi International by 9.3% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,110,907 shares of the technology company’s stock valued at $14,942,000 after purchasing an additional 94,943 shares during the last quarter. EAM Global Investors LLC purchased a new position in Digi International in the second quarter valued at about $1,219,000. Loomis Sayles & Co. L P grew its stake in Digi International by 3.4% in the third quarter. Loomis Sayles & Co. L P now owns 558,549 shares of the technology company’s stock valued at $7,512,000 after purchasing an additional 18,168 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Digi International by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 349,957 shares of the technology company’s stock valued at $4,707,000 after purchasing an additional 9,956 shares during the last quarter. Institutional investors own 81.70% of the company’s stock.
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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