DGII has been the subject of a number of other reports. Zacks Investment Research raised Digi International from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Tuesday, August 1st. BidaskClub downgraded Digi International from a sell rating to a strong sell rating in a report on Monday, July 31st. Canaccord Genuity reiterated a buy rating on shares of Digi International in a research report on Friday. Finally, Sidoti cut Digi International from a buy rating to a neutral rating and set a $12.00 target price on the stock. in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $14.00.
Shares of Digi International (NASDAQ DGII) traded down 1.190% on Friday, reaching $10.375. The company had a trading volume of 22,979 shares. The company has a market capitalization of $275.34 million, a P/E ratio of 31.535 and a beta of 1.49. The company has a 50 day moving average of $10.41 and a 200-day moving average of $10.12. Digi International has a 52 week low of $8.50 and a 52 week high of $14.15.
Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. The company had revenue of $45.10 million during the quarter, compared to the consensus estimate of $45.66 million. Digi International had a return on equity of 3.24% and a net margin of 5.16%. Digi International’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. Analysts predict that Digi International will post $0.41 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Digi International during the first quarter worth about $106,000. Arizona State Retirement System increased its position in shares of Digi International by 0.7% during the second quarter. Arizona State Retirement System now owns 13,841 shares of the technology company’s stock worth $140,000 after purchasing an additional 100 shares in the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of Digi International during the first quarter worth about $148,000. Thrivent Financial For Lutherans increased its position in shares of Digi International by 6.1% during the second quarter. Thrivent Financial For Lutherans now owns 15,830 shares of the technology company’s stock worth $161,000 after purchasing an additional 910 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Digi International by 3.5% during the second quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock worth $436,000 after purchasing an additional 1,464 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.
Digi International Company Profile
Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.
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