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.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Thursday, November 15th. The technology company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. Digi International had a return on equity of 1.32% and a net margin of 0.57%. The firm had revenue of $65.66 million for the quarter, compared to the consensus estimate of $61.90 million. During the same period in the prior year, the business posted $0.16 earnings per share. On average, sell-side analysts predict that Digi International will post 0.29 earnings per share for the current fiscal year.

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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Analyst Recommendations for Digi International (NASDAQ:DGII)

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