Digi International Inc. (DGII) Receives Consensus Rating of “Buy” from Analysts

Digi International Inc. (NASDAQ:DGII) has received a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $16.92.

DGII has been the topic of several recent analyst reports. Zacks Investment Research cut Digi International from a “buy” rating to a “hold” rating in a report on Monday, March 4th. BidaskClub cut Digi International from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. ValuEngine cut Digi International from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, TheStreet cut Digi International from a “b” rating to a “c+” rating in a report on Friday, May 24th.

Shares of Digi International stock traded up $0.02 during trading on Thursday, hitting $11.44. 118,200 shares of the company were exchanged, compared to its average volume of 165,710. The firm has a market capitalization of $321.00 million, a P/E ratio of 228.80, a PEG ratio of 2.39 and a beta of 1.57. Digi International has a 1-year low of $9.28 and a 1-year high of $14.70.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Digi International had a return on equity of 2.57% and a net margin of 4.78%. The business had revenue of $65.76 million for the quarter, compared to analysts’ expectations of $60.20 million. On average, equities research analysts expect that Digi International will post 0.33 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. We Are One Seven LLC bought a new stake in Digi International in the 4th quarter valued at approximately $33,000. BNP Paribas Arbitrage SA lifted its stake in Digi International by 337.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,656 shares of the technology company’s stock valued at $72,000 after acquiring an additional 4,363 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Digi International in the 4th quarter valued at approximately $77,000. Meeder Asset Management Inc. lifted its stake in Digi International by 2,052.1% in the 1st quarter. Meeder Asset Management Inc. now owns 8,759 shares of the technology company’s stock valued at $112,000 after acquiring an additional 8,352 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in Digi International by 405.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,153 shares of the technology company’s stock valued at $92,000 after acquiring an additional 7,343 shares in the last quarter. Hedge funds and other institutional investors own 82.04% 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.

See Also: Why is Cost of Capital Important?

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.