Digi International Inc. (NASDAQ:DGII) has been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $18.67.
A number of research firms have issued reports on DGII. Craig Hallum decreased their price target on shares of Digi International from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday, May 8th. BidaskClub cut shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Saturday, June 13th.
DGII traded down $0.06 during trading on Tuesday, hitting $12.12. The stock had a trading volume of 121,530 shares, compared to its average volume of 120,855. The company has a market capitalization of $350.93 million, a PE ratio of 29.56, a PEG ratio of 7.38 and a beta of 1.78. Digi International has a twelve month low of $6.18 and a twelve month high of $18.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.54. The stock has a 50 day simple moving average of $11.05 and a two-hundred day simple moving average of $11.92.
In related news, VP David H. Sampsell sold 12,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $11.25, for a total transaction of $140,625.00. Following the completion of the transaction, the vice president now owns 67,049 shares of the company’s stock, valued at $754,301.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Digi International by 2.5% during the first quarter. Geode Capital Management LLC now owns 452,257 shares of the technology company’s stock valued at $4,314,000 after buying an additional 10,902 shares during the period. Bank of New York Mellon Corp grew its position in Digi International by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 350,679 shares of the technology company’s stock valued at $6,214,000 after buying an additional 26,290 shares during the period. Impax Asset Management Group plc acquired a new stake in Digi International during the first quarter valued at $1,908,000. Teton Advisors Inc. grew its position in Digi International by 0.6% during the first quarter. Teton Advisors Inc. now owns 160,620 shares of the technology company’s stock valued at $1,532,000 after buying an additional 1,000 shares during the period. Finally, Rhumbline Advisers grew its position in Digi International by 4.7% during the first quarter. Rhumbline Advisers now owns 101,303 shares of the technology company’s stock valued at $966,000 after buying an additional 4,542 shares during the period. Institutional investors own 85.41% of the company’s stock.
About Digi International
Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, and internationally. 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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