Analysts Set Digi International Inc. (NASDAQ:DGII) PT at $19.00

Shares of Digi International Inc. (NASDAQ:DGII) have been given a consensus rating of “Hold” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $19.00.

Several analysts recently weighed in on DGII shares. BidaskClub cut shares of Digi International from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Zacks Investment Research cut shares of Digi International from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. ValuEngine cut shares of Digi International from a “buy” rating to a “hold” rating in a report on Monday. Finally, TheStreet upgraded shares of Digi International from a “c+” rating to a “b-” rating in a report on Monday, July 8th.

In related news, VP Terrence G. Schneider sold 2,636 shares of Digi International stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $13.61, for a total value of $35,875.96. Following the sale, the vice president now owns 20,666 shares in the company, valued at $281,264.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its holdings in Digi International by 5.0% in the second quarter. Russell Investments Group Ltd. now owns 33,360 shares of the technology company’s stock valued at $423,000 after acquiring an additional 1,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Digi International by 32.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,676 shares of the technology company’s stock valued at $275,000 after buying an additional 5,325 shares in the last quarter. Teton Advisors Inc. boosted its holdings in shares of Digi International by 36.0% during the 2nd quarter. Teton Advisors Inc. now owns 158,620 shares of the technology company’s stock valued at $2,011,000 after buying an additional 42,000 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Digi International by 8.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 79,140 shares of the technology company’s stock valued at $1,003,000 after buying an additional 6,000 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of Digi International by 39.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 50,530 shares of the technology company’s stock valued at $641,000 after buying an additional 14,300 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Shares of Digi International stock traded down $0.04 on Wednesday, hitting $13.31. The stock had a trading volume of 45,986 shares, compared to its average volume of 140,582. Digi International has a one year low of $9.28 and a one year high of $14.71. The stock has a market cap of $378.16 million, a price-to-earnings ratio of 266.10, a PEG ratio of 2.07 and a beta of 1.59. The stock’s 50-day simple moving average is $13.40 and its two-hundred day simple moving average is $12.68.

Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. Digi International had a net margin of 4.43% and a return on equity of 2.15%. The firm had revenue of $61.17 million for the quarter, compared to analysts’ expectations of $63.30 million. On average, equities analysts anticipate that Digi International will post 0.33 EPS for the current fiscal year.

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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