Shares of Digi International Inc. (NASDAQ:DGII) have received an average rating of “Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.50.

DGII has been the subject of several analyst reports. Zacks Investment Research upgraded Digi International from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, August 1st. Canaccord Genuity reiterated a “buy” rating and set a $15.00 price objective on shares of Digi International in a research report on Friday, July 28th. Sidoti upgraded Digi International from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 23rd. TheStreet downgraded Digi International from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Finally, BidaskClub downgraded Digi International from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its position in Digi International by 5.1% in the second quarter. State Street Corp now owns 729,474 shares of the technology company’s stock worth $7,399,000 after purchasing an additional 35,133 shares during the period. Thrivent Financial For Lutherans lifted its position in Digi International by 6.1% in 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 during the period. Ameriprise Financial Inc. lifted its position in Digi International by 12.2% in the second quarter. Ameriprise Financial Inc. now owns 599,573 shares of the technology company’s stock worth $6,086,000 after purchasing an additional 65,430 shares during the period. TIAA CREF Investment Management LLC lifted its position in Digi International by 6.7% in the second quarter. TIAA CREF Investment Management LLC now owns 128,218 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 8,056 shares during the period. Finally, Teachers Advisors LLC lifted its position in Digi International by 3.5% in 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 during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Digi International (NASDAQ:DGII) traded up 1.08% during mid-day trading on Tuesday, hitting $9.35. The stock had a trading volume of 152,353 shares. The company has a 50-day moving average of $9.29 and a 200-day moving average of $10.52. Digi International has a 12-month low of $8.50 and a 12-month high of $14.15. The stock has a market cap of $248.14 million, a price-to-earnings ratio of 28.42 and a beta of 1.45.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The business had revenue of $45.70 million during the quarter, compared to the consensus estimate of $45.67 million. Digi International had a return on equity of 3.17% and a net margin of 4.74%. The business’s revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, analysts anticipate that Digi International will post $0.27 earnings per share for the current fiscal year.

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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