Investment Analysts’ Weekly Ratings Updates for Digi International (DGII)

Digi International (NASDAQ: DGII) recently received a number of ratings updates from brokerages and research firms:

  • 10/21/2019 – Digi International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Digi International Inc. is a leading global provider of business and mission-critical Internet of Things (IoT) products and services. They help their customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Digi International, Inc. (Digi) was formed in 1985-long before anyone coined the term the Internet of Things. They always focused on connecting things, starting with intelligent multiport serial boards for PCs. As wireless data technologies evolved, they invented right along with it, expanding their product lines with RF modules, gateways, and cellular routers to build critical communications infrastructures, plus embedded wireless system on module (SoM) and single-board computer (SBC) offerings for makers of next generation connected products. “
  • 10/19/2019 – Digi International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/18/2019 – Digi International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “Digi International Inc. is a leading global provider of business and mission-critical Internet of Things (IoT) products and services. They help their customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Digi International, Inc. (Digi) was formed in 1985-long before anyone coined the term the Internet of Things. They always focused on connecting things, starting with intelligent multiport serial boards for PCs. As wireless data technologies evolved, they invented right along with it, expanding their product lines with RF modules, gateways, and cellular routers to build critical communications infrastructures, plus embedded wireless system on module (SoM) and single-board computer (SBC) offerings for makers of next generation connected products. “
  • 10/11/2019 – Digi International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Digi International Inc. is a leading global provider of business and mission-critical Internet of Things (IoT) products and services. They help their customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Digi International, Inc. (Digi) was formed in 1985-long before anyone coined the term the Internet of Things. They always focused on connecting things, starting with intelligent multiport serial boards for PCs. As wireless data technologies evolved, they invented right along with it, expanding their product lines with RF modules, gateways, and cellular routers to build critical communications infrastructures, plus embedded wireless system on module (SoM) and single-board computer (SBC) offerings for makers of next generation connected products. “
  • 10/10/2019 – Digi International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Digi International Inc. is a leading global provider of business and mission-critical Internet of Things (IoT) products and services. They help their customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Digi International, Inc. (Digi) was formed in 1985-long before anyone coined the term the Internet of Things. They always focused on connecting things, starting with intelligent multiport serial boards for PCs. As wireless data technologies evolved, they invented right along with it, expanding their product lines with RF modules, gateways, and cellular routers to build critical communications infrastructures, plus embedded wireless system on module (SoM) and single-board computer (SBC) offerings for makers of next generation connected products. “
  • 10/7/2019 – Digi International was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/27/2019 – Digi International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

DGII opened at $14.30 on Tuesday. The business has a fifty day simple moving average of $13.63 and a 200 day simple moving average of $12.77. The company has a market capitalization of $401.79 million, a PE ratio of 286.00, a price-to-earnings-growth ratio of 2.19 and a beta of 1.59. Digi International Inc. has a 1 year low of $9.28 and a 1 year high of $14.71.

Digi International (NASDAQ:DGII) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $61.17 million during the quarter, compared to the consensus estimate of $63.30 million. Digi International had a return on equity of 2.15% and a net margin of 4.43%. On average, sell-side analysts predict that Digi International Inc. will post 0.33 EPS for the current year.

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

Several large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in shares of Digi International by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 43,525 shares of the technology company’s stock valued at $552,000 after acquiring an additional 833 shares during the period. Strs Ohio lifted its position in shares of Digi International by 7.7% during the 2nd quarter. Strs Ohio now owns 16,700 shares of the technology company’s stock valued at $211,000 after acquiring an additional 1,200 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Digi International by 5.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 33,360 shares of the technology company’s stock worth $423,000 after buying an additional 1,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised 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 worth $275,000 after buying an additional 5,325 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised 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 worth $1,003,000 after buying an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 81.46% of the company’s stock.

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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