Digi International (DGII) Downgraded by ValuEngine to Hold
ValuEngine lowered shares of Digi International (NASDAQ:DGII) from a buy rating to a hold rating in a research report released on Wednesday morning.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Digi International from a hold rating to a sell rating in a report on Saturday, October 13th. Dougherty & Co reiterated a buy rating and issued a $16.50 price target (up from $14.00) on shares of Digi International in a report on Tuesday, September 25th. Canaccord Genuity reiterated a buy rating and issued a $18.00 price target on shares of Digi International in a report on Wednesday, August 8th. Finally, Lake Street Capital set a $16.00 price target on Digi International and gave the stock a buy rating in a report on Thursday, September 27th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Digi International has an average rating of Buy and a consensus target price of $16.90.
NASDAQ:DGII opened at $11.08 on Wednesday. Digi International has a 1 year low of $9.29 and a 1 year high of $14.70. The company has a market capitalization of $304.35 million, a PE ratio of 221.60, a P/E/G ratio of 2.83 and a beta of 1.41.
In other Digi International news, Director Ahmed Nawaz sold 13,300 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $11.40, for a total transaction of $151,620.00. Following the transaction, the director now directly owns 148,944 shares in the company, valued at approximately $1,697,961.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Tracy L. Roberts sold 2,401 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $11.86, for a total value of $28,475.86. Following the transaction, the vice president now owns 40,619 shares in the company, valued at $481,741.34. The disclosure for this sale can be found here. Insiders have sold a total of 25,294 shares of company stock worth $293,122 over the last 90 days. 6.80% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Digi International during the 2nd quarter worth $126,000. MetLife Investment Advisors LLC increased its holdings in Digi International by 58.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 19,843 shares of the technology company’s stock worth $267,000 after purchasing an additional 7,343 shares during the period. California Public Employees Retirement System increased its holdings in Digi International by 8.9% during the 2nd quarter. California Public Employees Retirement System now owns 63,011 shares of the technology company’s stock worth $832,000 after purchasing an additional 5,175 shares during the period. EAM Global Investors LLC purchased a new position in Digi International during the 2nd quarter worth $1,219,000. Finally, EAM Investors LLC purchased a new position in Digi International during the 2nd quarter worth $1,674,000. Institutional investors own 81.70% of the company’s stock.
Digi International Company Profile
Digi International Inc provides Internet of Things networking hardware products and solutions. It operates in two segments, Machine-to-Machine and 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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