Digi International Inc. (NASDAQ:DGII) has received an average recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $16.90.
A number of research analysts have weighed in on the stock. ValuEngine lowered shares of Digi International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Canaccord Genuity reaffirmed a “buy” rating and issued a $21.00 price target 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 target on shares of Digi International and gave the company a “buy” rating in a research note on Thursday, September 27th. Finally, Dougherty & Co reaffirmed a “buy” rating and issued a $16.50 price target (up previously from $14.00) on shares of Digi International in a research note on Tuesday, September 25th.
Get Digi International alerts: In other Digi International news, Director Ahmed Nawaz sold 13,300 shares of Digi International stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $11.40, for a total value of $151,620.00. Following the transaction, the director now owns 148,944 shares of the company’s stock, valued at $1,697,961.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, VP Tracy L. Roberts sold 2,401 shares of Digi International 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 transaction, the vice president now directly owns 40,619 shares in the company, valued at approximately $481,741.34. The disclosure for this sale can be found here . In the last ninety days, insiders sold 25,294 shares of company stock worth $293,122. Insiders own 6.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DGII. SG Americas Securities LLC acquired a new stake in shares of Digi International in the second quarter valued at approximately $126,000. MetLife Investment Advisors LLC raised its holdings in shares of Digi International by 58.7% in the third quarter. MetLife Investment Advisors LLC now owns 19,843 shares of the technology company’s stock valued at $267,000 after purchasing an additional 7,343 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Digi International by 8.9% in the second 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 last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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. Finally, Loomis Sayles & Co. L P raised its holdings in shares of 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. Institutional investors own 81.67% of the company’s stock.
Digi International stock opened at $10.12 on Monday. Digi International has a fifty-two week low of $9.28 and a fifty-two week high of $14.70. The company has a market cap of $277.98 million, a P/E ratio of 202.40, a PEG ratio of 2.58 and a beta of 1.41.
Digi International (NASDAQ:DGII) last released its quarterly earnings data on Thursday, November 15th. The technology company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. Digi International had a net margin of 0.57% and a return on equity of 1.32%. The business had revenue of $65.66 million for the quarter, compared to analyst estimates of $61.90 million. During the same quarter last year, the firm earned $0.16 EPS. On average, analysts forecast that Digi International will post 0.29 earnings per share for the current fiscal year.
About Digi International
Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT 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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