Digi International (DGII) Stock Rating Lowered by ValuEngine
ValuEngine downgraded shares of Digi International (NASDAQ:DGII) from a hold rating to a sell rating in a report published on Thursday.
Other equities analysts have also recently issued research reports about the company. TheStreet cut Digi International from a b- rating to a c rating in a report on Thursday, January 25th. Roth Capital began coverage on Digi International in a report on Friday, February 2nd. They issued a buy rating and a $15.00 target price for the company. BidaskClub cut Digi International from a sell rating to a strong sell rating in a report on Wednesday, December 6th. Zacks Investment Research cut Digi International from a hold rating to a sell rating in a report on Friday, January 26th. Finally, Sidoti raised Digi International from a neutral rating to a buy rating in a report on Monday, December 11th. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $14.00.
Digi International (NASDAQ DGII) opened at $10.32 on Thursday. Digi International has a fifty-two week low of $8.50 and a fifty-two week high of $12.95. The company has a market capitalization of $279.07, a price-to-earnings ratio of 114.68 and a beta of 1.40.
In other news, COO Kevin C. Riley sold 20,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $10.45, for a total value of $209,000.00. Following the completion of the sale, the chief operating officer now owns 97,941 shares of the company’s stock, valued at $1,023,483.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kevin C. Riley sold 4,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $10.50, for a total value of $42,000.00. Following the completion of the sale, the chief operating officer now directly owns 81,941 shares of the company’s stock, valued at approximately $860,380.50. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Teachers Advisors LLC increased its stake in shares of Digi International by 3.5% in the second quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock valued at $436,000 after buying an additional 1,464 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of 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 valued at $1,301,000 after buying an additional 8,056 shares during the period. Rhumbline Advisers increased its stake in shares of Digi International by 15.7% in the fourth quarter. Rhumbline Advisers now owns 64,118 shares of the technology company’s stock valued at $612,000 after buying an additional 8,697 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Digi International in the fourth quarter valued at about $119,000. Finally, Arizona State Retirement System increased its stake in shares of Digi International by 226.1% in the fourth quarter. Arizona State Retirement System now owns 44,816 shares of the technology company’s stock valued at $428,000 after buying an additional 31,075 shares during the period. 77.88% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This report was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2018/03/05/digi-international-dgii-stock-rating-lowered-by-valuengine.html.
About Digi International
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Digi International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digi International and related companies with MarketBeat.com's FREE daily email newsletter.