Digi International Inc. (DGII) Receives $16.90 Average Price Target from Brokerages

Digi International Inc. (NASDAQ:DGII) has been given a consensus rating of “Buy” by the ten analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.90.

A number of equities analysts have recently issued reports on DGII shares. Lake Street Capital reiterated a “buy” rating and issued a $16.00 price target on shares of Digi International in a report on Friday, July 27th. Zacks Investment Research raised shares of Digi International from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Canaccord Genuity increased their price objective on shares of Digi International from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, September 17th. First Analysis set a $16.00 price objective on shares of Digi International and gave the company a “buy” rating in a research note on Thursday, July 5th. Finally, BidaskClub cut shares of Digi International from a “buy” rating to a “hold” rating in a research note on Friday, August 17th.

In related news, VP Jon A. Nyland sold 13,995 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $13.22, for a total value of $185,013.90. Following the sale, the vice president now directly owns 48,646 shares of the company’s stock, valued at approximately $643,100.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jon A. Nyland sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $13.43, for a total transaction of $134,300.00. Following the sale, the vice president now directly owns 40,859 shares in the company, valued at $548,736.37. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System boosted its stake in shares of 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 last quarter. SG Americas Securities LLC acquired a new stake in shares of Digi International during the 2nd quarter worth about $126,000. EAM Global Investors LLC acquired a new stake in shares of Digi International during the 2nd quarter worth about $1,219,000. EAM Investors LLC acquired a new stake in shares of Digi International during the 2nd quarter worth about $1,674,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Digi International by 16.7% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,015,964 shares of the technology company’s stock worth $13,411,000 after purchasing an additional 145,454 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Shares of DGII traded up $0.01 during trading hours on Wednesday, reaching $11.99. The company had a trading volume of 46,965 shares, compared to its average volume of 71,520. The company has a market capitalization of $326.37 million, a PE ratio of 32.41, a P/E/G ratio of 2.47 and a beta of 1.35. Digi International has a 12-month low of $9.21 and a 12-month high of $14.70.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Thursday, July 26th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The business had revenue of $62.72 million during the quarter, compared to the consensus estimate of $57.80 million. Digi International had a net margin of 0.98% and a return on equity of 1.50%. As a group, equities analysts forecast that Digi International will post -0.03 EPS for the current fiscal year.

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.

Further Reading: How Buying a Call Option Works

Analyst Recommendations for Digi International (NASDAQ:DGII)

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.

Leave a Reply