Shares of Digi International Inc. (NASDAQ:DGII) have received an average rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.50.

DGII has been the subject of several research reports. Sidoti upgraded shares of Digi International from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. Benchmark Co. initiated coverage on shares of Digi International in a research note on Tuesday, April 25th. They issued a “buy” rating and a $16.00 target price for the company. TheStreet cut shares of Digi International from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. Finally, Zacks Investment Research upgraded shares of Digi International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Digi International during the first quarter valued at $106,000. OppenheimerFunds Inc. bought a new stake in Digi International during the first quarter valued at $148,000. Arizona State Retirement System boosted its stake in Digi International by 3.0% in the first quarter. Arizona State Retirement System now owns 13,741 shares of the technology company’s stock valued at $164,000 after buying an additional 400 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Digi International by 6.3% in the first quarter. Thrivent Financial For Lutherans now owns 14,920 shares of the technology company’s stock valued at $178,000 after buying an additional 880 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Digi International by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,040 shares of the technology company’s stock valued at $193,000 after buying an additional 860 shares during the last quarter. Institutional investors and hedge funds own 77.30% of the company’s stock.

Shares of Digi International (NASDAQ DGII) traded down 1.00% during midday trading on Monday, reaching $9.95. The company’s stock had a trading volume of 3,060 shares. Digi International has a 12-month low of $9.00 and a 12-month high of $14.15. The stock’s 50-day moving average price is $9.90 and its 200-day moving average price is $11.56. The company has a market cap of $264.04 million, a P/E ratio of 22.77 and a beta of 1.44.

Digi International (NASDAQ:DGII) last released its quarterly earnings results on Thursday, May 4th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. Digi International had a net margin of 6.11% and a return on equity of 3.76%. The firm had revenue of $45.61 million for the quarter, compared to the consensus estimate of $48.30 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. On average, analysts expect that Digi International will post $0.27 EPS for the current fiscal year.

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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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