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.
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.
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