Digi International Inc. (NASDAQ:DGII) Director Ahmed Nawaz sold 2,380 shares of the stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $11.91, for a total value of $28,345.80. Following the sale, the director now directly owns 148,944 shares in the company, valued at $1,773,923.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ahmed Nawaz also recently made the following trade(s):

  • On Tuesday, December 4th, Ahmed Nawaz sold 13,300 shares of Digi International stock. The stock was sold at an average price of $11.40, for a total value of $151,620.00.
  • On Wednesday, November 28th, Ahmed Nawaz sold 7,213 shares of Digi International stock. The stock was sold at an average price of $11.74, for a total value of $84,680.62.

NASDAQ:DGII opened at $11.23 on Friday. Digi International Inc. has a 52 week low of $9.29 and a 52 week high of $14.70. The stock has a market cap of $304.35 million, a PE ratio of 224.60, a price-to-earnings-growth ratio of 2.83 and a beta of 1.41.

Digi International (NASDAQ:DGII) last posted its earnings results on Thursday, November 15th. The technology company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. Digi International had a return on equity of 1.32% and a net margin of 0.57%. The firm had revenue of $65.66 million for the quarter, compared to analysts’ expectations of $61.90 million. During the same period last year, the firm earned $0.16 EPS. Analysts predict that Digi International Inc. will post 0.29 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on DGII shares. Dougherty & Co reaffirmed a “buy” rating and set a $16.50 price target (up from $14.00) on shares of Digi International in a research report on Tuesday, September 25th. BidaskClub raised Digi International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Lake Street Capital set a $16.00 target price on Digi International and gave the company a “buy” rating in a research report on Thursday, September 27th. Canaccord Genuity restated a “buy” rating and set a $21.00 target price on shares of Digi International in a research report on Friday, November 16th. Finally, ValuEngine cut Digi International from a “buy” rating to a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Digi International presently has an average rating of “Buy” and an average target price of $16.90.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Digi International during the 2nd quarter valued at about $126,000. MetLife Investment Advisors LLC lifted its stake in Digi International by 58.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 19,843 shares of the technology company’s stock valued at $267,000 after buying an additional 7,343 shares in the last quarter. California Public Employees Retirement System lifted its stake in Digi International by 8.9% in the 2nd quarter. California Public Employees Retirement System now owns 63,011 shares of the technology company’s stock valued at $832,000 after buying an additional 5,175 shares in the last quarter. EAM Global Investors LLC purchased a new position in Digi International in the 2nd quarter valued at about $1,219,000. Finally, EAM Investors LLC purchased a new position in Digi International in the 2nd quarter valued at about $1,674,000. Hedge funds and other institutional investors own 81.70% of the company’s stock.

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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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