Digi International (NASDAQ:DGII) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

DGII has been the subject of several other reports. Lake Street Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Digi International in a research note on Friday, July 27th. Zacks Investment Research upgraded shares of Digi International from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. First Analysis set a $16.00 price objective on shares of Digi International and gave the stock a “buy” rating in a research note on Thursday, July 5th. Canaccord Genuity boosted their target price on shares of Digi International from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, Dougherty & Co restated a “buy” rating and set a $16.50 target price (up from $14.00) on shares of Digi International in a research report on Tuesday, September 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $16.90.

NASDAQ:DGII opened at $11.85 on Wednesday. Digi International has a 12 month low of $9.21 and a 12 month high of $14.70. The firm has a market cap of $326.64 million, a PE ratio of 32.03, a P/E/G ratio of 2.47 and a beta of 1.35.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Thursday, July 26th. The technology company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Digi International had a net margin of 0.98% and a return on equity of 1.50%. The business had revenue of $62.72 million during the quarter, compared to the consensus estimate of $57.80 million. Research analysts predict that Digi International will post -0.03 EPS for the current fiscal year.

In related news, VP Jon A. Nyland sold 13,995 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $13.22, for a total transaction of $185,013.90. Following the completion of the transaction, the vice president now directly owns 48,646 shares in the company, valued at $643,100.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jon A. Nyland sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $13.43, for a total transaction of $134,300.00. Following the transaction, the vice president now owns 40,859 shares of the company’s stock, valued at $548,736.37. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DGII. SG Americas Securities LLC acquired a new position in Digi International during the second quarter valued at $126,000. California Public Employees Retirement System lifted its position in Digi International by 8.9% during the second quarter. California Public Employees Retirement System now owns 63,011 shares of the technology company’s stock valued at $832,000 after purchasing an additional 5,175 shares during the period. EAM Global Investors LLC acquired a new position in Digi International during the second quarter valued at $1,219,000. EAM Investors LLC acquired a new position in Digi International during the second quarter valued at $1,674,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in Digi International by 16.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,015,964 shares of the technology company’s stock valued at $13,411,000 after purchasing an additional 145,454 shares during the period. Institutional investors own 80.56% of the company’s stock.

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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Analyst Recommendations for Digi International (NASDAQ:DGII)

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