DGII has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Digi International from a buy rating to a hold rating in a report on Wednesday, September 27th. BidaskClub downgraded shares of Digi International from a sell rating to a strong sell rating in a report on Monday, July 31st. Finally, Sidoti downgraded shares of Digi International from a buy rating to a neutral rating and set a $12.00 target price for the company. in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $14.00.
Shares of Digi International (NASDAQ:DGII) opened at $10.00 on Friday. The firm has a market cap of $265.40, a PE ratio of 27.03 and a beta of 1.45. Digi International has a one year low of $8.50 and a one year high of $14.15.
Digi International (NASDAQ:DGII) last announced its earnings results on Thursday, October 26th. The technology company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. The business had revenue of $45.10 million during the quarter, compared to the consensus estimate of $45.66 million. Digi International had a net margin of 5.16% and a return on equity of 3.24%. The firm’s revenue was down 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. analysts predict that Digi International will post 0.25 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Digi International during the first quarter valued at about $106,000. Arizona State Retirement System increased its holdings in shares of Digi International by 0.7% during the second quarter. Arizona State Retirement System now owns 13,841 shares of the technology company’s stock valued at $140,000 after acquiring an additional 100 shares in the last quarter. OppenheimerFunds Inc. acquired a new position in shares of Digi International during the first quarter valued at about $148,000. Thrivent Financial For Lutherans increased its holdings in shares of Digi International by 6.1% during the second quarter. Thrivent Financial For Lutherans now owns 15,830 shares of the technology company’s stock valued at $161,000 after acquiring an additional 910 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Digi International by 3.5% during the second quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock valued at $436,000 after acquiring an additional 1,464 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.
About Digi International
Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.
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