Digi International Inc. (NASDAQ:DGII) Given Average Rating of “Buy” by Analysts

Shares of Digi International Inc. (NASDAQ:DGII) have been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $18.67.

DGII has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Saturday, June 13th. Craig Hallum cut their price target on shares of Digi International from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday, May 8th.

In related news, VP David H. Sampsell sold 12,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $11.25, for a total value of $140,625.00. Following the sale, the vice president now directly owns 67,049 shares of the company’s stock, valued at approximately $754,301.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stonebridge Capital Advisors LLC acquired a new stake in shares of Digi International in the first quarter worth approximately $28,000. US Bancorp DE raised its holdings in Digi International by 282.1% in the first quarter. US Bancorp DE now owns 9,052 shares of the technology company’s stock valued at $86,000 after buying an additional 6,683 shares during the period. SG Americas Securities LLC purchased a new position in Digi International in the first quarter valued at approximately $99,000. BNP Paribas Arbitrage SA raised its holdings in Digi International by 15.6% in the first quarter. BNP Paribas Arbitrage SA now owns 11,191 shares of the technology company’s stock valued at $107,000 after buying an additional 1,507 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in Digi International by 140.3% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 32,858 shares of the technology company’s stock valued at $313,000 after buying an additional 19,183 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Digi International stock traded down $0.06 during trading hours on Tuesday, reaching $12.12. 121,530 shares of the stock were exchanged, compared to its average volume of 120,855. The stock has a market cap of $350.93 million, a P/E ratio of 29.56, a P/E/G ratio of 7.38 and a beta of 1.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.54. Digi International has a 52-week low of $6.18 and a 52-week high of $18.99. The firm’s 50 day moving average is $11.05 and its 200 day moving average is $11.92.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The company had revenue of $73.45 million during the quarter, compared to the consensus estimate of $74.94 million. Digi International had a net margin of 2.35% and a return on equity of 3.34%. Equities research analysts expect that Digi International will post 0.11 EPS 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, and internationally. 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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Analyst Recommendations for Digi International (NASDAQ:DGII)

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