Digi International (NASDAQ:DGII) had its price target increased by Craig Hallum from $17.00 to $19.00 in a research note published on Friday, Briefing.com Automated Import reports. The brokerage currently has a buy rating on the technology company’s stock.

DGII has been the topic of several other research reports. Zacks Investment Research cut Digi International from a buy rating to a hold rating in a research report on Friday, November 1st. ValuEngine cut Digi International from a hold rating to a sell rating in a research report on Friday, November 1st. Robert W. Baird started coverage on Digi International in a research report on Friday, November 1st. They set an outperform rating and a $19.00 target price on the stock. BidaskClub raised Digi International from a hold rating to a buy rating in a research report on Saturday, October 19th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $26.00 target price on shares of Digi International in a research report on Thursday. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $20.20.

NASDAQ DGII traded up $0.86 during midday trading on Friday, hitting $18.22. 445,100 shares of the company traded hands, compared to its average volume of 138,934. The company has a market cap of $424.86 million, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.26 and a beta of 1.58. The company’s 50-day simple moving average is $14.34 and its 200-day simple moving average is $13.07. Digi International has a 52 week low of $9.28 and a 52 week high of $18.50.

Digi International (NASDAQ:DGII) last announced its earnings results on Thursday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $64.96 million for the quarter, compared to analysts’ expectations of $63.20 million. Digi International had a return on equity of 2.58% and a net margin of 3.92%. As a group, research analysts anticipate that Digi International will post 0.46 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teton Advisors Inc. boosted its position in Digi International by 0.6% during the 3rd quarter. Teton Advisors Inc. now owns 159,620 shares of the technology company’s stock valued at $2,174,000 after acquiring an additional 1,000 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Digi International in the 3rd quarter worth $1,885,000. Rhumbline Advisers boosted its position in shares of Digi International by 8.2% in the 3rd quarter. Rhumbline Advisers now owns 91,935 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 6,978 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Digi International by 8.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 79,140 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 6,000 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Digi International by 13.2% in the 3rd quarter. California Public Employees Retirement System now owns 67,711 shares of the technology company’s stock worth $922,000 after purchasing an additional 7,900 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

About Digi International

Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT 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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