Digi International (NASDAQ:DGII) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a research report issued on Monday, The Fly reports.

DGII has been the topic of several other reports. Zacks Investment Research downgraded Digi International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. TheStreet upgraded Digi International from a “c+” rating to a “b” rating in a research note on Friday, October 27th. BidaskClub downgraded Digi International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Digi International in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.00.

Digi International (NASDAQ DGII) traded down $0.25 during trading on Monday, hitting $9.45. The company had a trading volume of 80,200 shares, compared to its average volume of 85,066. The stock has a market cap of $251.98, a P/E ratio of 25.54 and a beta of 1.44. Digi International has a 52 week low of $8.50 and a 52 week high of $14.10.

Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.08. The company had revenue of $45.10 million for the quarter, compared to the consensus estimate of $45.66 million. Digi International had a return on equity of 3.24% and a net margin of 5.16%. The firm’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. research analysts forecast that Digi International will post 0.25 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its stake in Digi International by 5.1% during the 2nd quarter. State Street Corp now owns 729,474 shares of the technology company’s stock valued at $7,399,000 after purchasing an additional 35,133 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Digi International by 6.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 15,830 shares of the technology company’s stock valued at $161,000 after buying an additional 910 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Digi International by 12.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 599,573 shares of the technology company’s stock valued at $6,086,000 after buying an additional 65,430 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of Digi International by 6.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 128,218 shares of the technology company’s stock valued at $1,301,000 after buying an additional 8,056 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in shares of Digi International by 3.5% during the 2nd quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock valued at $436,000 after buying an additional 1,464 shares during the period. Institutional investors and hedge funds own 77.79% of the company’s stock.

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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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