Shares of Digi International Inc. (NASDAQ:DGII) have earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $17.63.
Several research analysts recently weighed in on the stock. ValuEngine raised shares of Digi International from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. TheStreet raised shares of Digi International from a “c+” rating to a “b-” rating in a report on Monday, July 8th. Zacks Investment Research downgraded shares of Digi International from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, BidaskClub raised shares of Digi International from a “hold” rating to a “buy” rating in a report on Thursday.
In other Digi International news, VP Tracy L. Roberts sold 22,180 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $11.43, for a total transaction of $253,517.40. Following the completion of the transaction, the vice president now owns 60,581 shares of the company’s stock, valued at approximately $692,440.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is owned by corporate insiders.
Digi International stock traded up $0.11 during mid-day trading on Tuesday, hitting $13.15. The stock had a trading volume of 649 shares, compared to its average volume of 120,927. The firm has a market capitalization of $387.16 million, a P/E ratio of 260.80, a P/E/G ratio of 3.06 and a beta of 1.58. The firm’s 50 day moving average is $12.92 and its 200 day moving average is $12.61. Digi International has a one year low of $9.28 and a one year high of $14.44.
Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $61.17 million during the quarter, compared to the consensus estimate of $63.30 million. Digi International had a net margin of 4.43% and a return on equity of 2.15%. On average, research analysts predict that Digi International will post 0.33 earnings per share for the current year.
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.
Featured Article: Can systematic risk be avoided?
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.