BidaskClub downgraded shares of Digi International (NASDAQ:DGII) from a hold rating to a sell rating in a research report report published on Friday morning, BidAskClub reports.

Other equities analysts have also recently issued reports about the company. Craig Hallum increased their price target on Digi International from $19.00 to $21.00 and gave the company a buy rating in a report on Wednesday, December 18th. ValuEngine raised Digi International from a sell rating to a hold rating in a report on Tuesday, December 3rd. Sidoti cut Digi International from a buy rating to a neutral rating and set a $20.00 price target on the stock. in a report on Monday, November 25th. Canaccord Genuity reissued a buy rating and set a $26.00 price target on shares of Digi International in a report on Thursday, November 14th. Finally, Zacks Investment Research raised Digi International from a hold rating to a buy rating and set a $17.00 price target on the stock in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Digi International has a consensus rating of Buy and a consensus target price of $20.57.

Shares of DGII opened at $17.49 on Friday. The business’s fifty day simple moving average is $17.57 and its two-hundred day simple moving average is $14.88. Digi International has a 12 month low of $10.67 and a 12 month high of $18.99. The company has a market cap of $501.44 million, a price-to-earnings ratio of 48.58, a P/E/G ratio of 1.63 and a beta of 1.73.

Digi International (NASDAQ:DGII) last issued its 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 business had revenue of $64.96 million for the quarter, compared to the consensus estimate of $63.20 million. Equities analysts expect that Digi International will post 0.74 earnings per share for the current fiscal year.

In related news, VP Tracy L. Roberts sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $17.53, for a total value of $175,300.00. Also, insider Kevin C. Riley sold 95,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $18.17, for a total value of $1,726,150.00. Following the completion of the transaction, the insider now directly owns 141,670 shares in the company, valued at $2,574,143.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,000 shares of company stock worth $2,084,850. 6.30% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its holdings in Digi International by 288.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 11,811 shares of the technology company’s stock worth $161,000 after purchasing an additional 8,774 shares during the period. Russell Investments Group Ltd. increased its stake in Digi International by 5.0% in 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. Strs Ohio increased its stake in Digi International by 162.3% in the 3rd quarter. Strs Ohio now owns 43,800 shares of the technology company’s stock worth $596,000 after buying an additional 27,100 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Digi International in the 4th quarter worth $919,000. Finally, California Public Employees Retirement System increased its stake in Digi International by 13.2% in the 3rd quarter. California Public Employees Retirement System now owns 67,711 shares of the technology company’s stock worth $922,000 after buying an additional 7,900 shares in the last quarter. 82.72% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Digi International (NASDAQ:DGII)

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