Digi International (NASDAQ:DGII) Upgraded to “Hold” by ValuEngine

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ValuEngine upgraded shares of Digi International (NASDAQ:DGII) from a sell rating to a hold rating in a research report report published on Tuesday, ValuEngine reports.

DGII has been the subject of a number of other reports. Zacks Investment Research upgraded Digi International from a hold rating to a buy rating and set a $17.00 target price for the company in a research note on Friday, November 15th. Canaccord Genuity reiterated a buy rating and set a $26.00 price target on shares of Digi International in a research note on Thursday, November 14th. Craig Hallum boosted their price target on shares of Digi International from $17.00 to $19.00 and gave the company a buy rating in a report on Friday, November 15th. Lake Street Capital boosted their price target on shares of Digi International from $16.00 to $20.00 in a report on Friday, November 15th. Finally, Robert W. Baird started coverage on shares of Digi International in a research note on Friday, November 1st. They issued an outperform rating and a $19.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Digi International has a consensus rating of Buy and an average price target of $20.17.

DGII stock opened at $17.85 on Tuesday. Digi International has a twelve month low of $9.28 and a twelve month high of $18.99. The company has a market cap of $491.75 million, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.69. The business’s 50-day simple moving average is $15.71 and its 200 day simple moving average is $13.49.

Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Thursday, November 14th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Digi International had a return on equity of 2.56% and a net margin of 3.92%. The firm had revenue of $64.96 million during the quarter, compared to analysts’ expectations of $63.20 million. Research analysts predict that Digi International will post 0.64 EPS for the current fiscal year.

In related news, insider Michael A. Ueland sold 10,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.34, for a total value of $183,400.00. Following the sale, the insider now owns 77,128 shares of the company’s stock, valued at approximately $1,414,527.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kevin C. Riley sold 95,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $18.17, for a total value of $1,726,150.00. Following the completion of the sale, the insider now owns 141,670 shares in the company, valued at $2,574,143.90. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Teton Advisors Inc. boosted its stake in shares of Digi International by 0.6% in the 3rd quarter. Teton Advisors Inc. now owns 159,620 shares of the technology company’s stock valued at $2,174,000 after purchasing an additional 1,000 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Digi International during the 3rd quarter worth about $1,885,000. Rhumbline Advisers increased its position in shares of Digi International by 8.2% during 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 lifted its holdings in 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 purchasing an additional 6,000 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Digi International by 13.2% during the 3rd quarter. California Public Employees Retirement System now owns 67,711 shares of the technology company’s stock valued at $922,000 after purchasing an additional 7,900 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Digi International Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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