Craig Hallum began coverage on shares of Digi International (NASDAQ:DGII) in a research note issued to investors on Tuesday. The firm issued a buy rating and a $17.00 price objective on the technology company’s stock.

DGII has been the topic of a number of other reports. BidaskClub cut Digi International from a hold rating to a sell rating in a research report on Thursday, September 13th. Lake Street Capital set a $16.00 price target on Digi International and gave the company a buy rating in a research report on Thursday, September 27th. ValuEngine cut Digi International from a buy rating to a hold rating in a research report on Wednesday, December 5th. Canaccord Genuity reiterated a buy rating and issued a $21.00 price target on shares of Digi International in a research report on Friday, November 16th. Finally, Dougherty & Co reiterated a buy rating and issued a $16.50 price target (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 $16.92.

Shares of NASDAQ DGII traded up $0.24 during trading hours on Tuesday, reaching $11.80. The stock had a trading volume of 6,031 shares, compared to its average volume of 128,777. The firm has a market capitalization of $316.98 million, a price-to-earnings ratio of 230.60, a PEG ratio of 2.90 and a beta of 1.42. Digi International has a twelve month low of $9.28 and a twelve month high of $14.70.

Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, November 15th. The technology company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $65.66 million during the quarter, compared to analyst estimates of $61.90 million. Digi International had a return on equity of 1.32% and a net margin of 0.57%. During the same period in the prior year, the company posted $0.16 earnings per share. On average, equities analysts anticipate that Digi International will post 0.3 EPS for the current year.

In other news, VP Tracy L. Roberts sold 2,401 shares of the stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $11.86, for a total transaction of $28,475.86. Following the sale, the vice president now owns 40,619 shares in the company, valued at $481,741.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ahmed Nawaz sold 7,213 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $11.74, for a total value of $84,680.62. Following the sale, the director now owns 153,777 shares in the company, valued at approximately $1,805,341.98. The disclosure for this sale can be found here. Insiders have sold 25,294 shares of company stock worth $293,122 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Digi International during the second quarter valued at $126,000. MetLife Investment Advisors LLC lifted its stake in shares of Digi International by 58.7% during the third quarter. MetLife Investment Advisors LLC now owns 19,843 shares of the technology company’s stock valued at $267,000 after acquiring an additional 7,343 shares during the period. California Public Employees Retirement System lifted its stake in shares of 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 acquiring an additional 5,175 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Digi International by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 349,957 shares of the technology company’s stock valued at $4,707,000 after acquiring an additional 9,956 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Digi International by 3.4% during the third quarter. Loomis Sayles & Co. L P now owns 558,549 shares of the technology company’s stock valued at $7,512,000 after acquiring an additional 18,168 shares during the period. Institutional investors own 81.67% 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.

Further Reading: Do Tariffs Work?

Analyst Recommendations for Digi International (NASDAQ:DGII)

Receive News & Ratings for Digi International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digi International and related companies with MarketBeat.com's FREE daily email newsletter.