Digi International Inc. (NASDAQ:DGII) has received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $15.50.

A number of brokerages recently commented on DGII. BidaskClub upgraded shares of Digi International from a “strong sell” rating to a “sell” rating in a report on Saturday. Canaccord Genuity restated a “buy” rating on shares of Digi International in a report on Friday, October 27th. Sidoti upgraded shares of Digi International from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Zacks Investment Research upgraded shares of Digi International from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, TheStreet upgraded shares of Digi International from a “c+” rating to a “b” rating in a report on Friday, October 27th.

A number of hedge funds have recently modified their holdings of DGII. Thrivent Financial For Lutherans increased its stake in Digi International by 6.1% in 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 last quarter. Teachers Advisors LLC increased its stake in Digi International by 3.5% in 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 last quarter. Rhumbline Advisers increased its stake in Digi International by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 54,451 shares of the technology company’s stock valued at $553,000 after buying an additional 1,075 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Digi International by 6.7% in 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 last quarter. Finally, Ameriprise Financial Inc. increased its stake in Digi International by 12.2% in 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 last quarter. Hedge funds and other institutional investors own 77.41% of the company’s stock.

Shares of Digi International (NASDAQ:DGII) opened at $10.25 on Monday. Digi International has a twelve month low of $8.50 and a twelve month high of $14.00. The company has a market cap of $274.66, a price-to-earnings ratio of 29.29 and a beta of 1.44.

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

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Digi International Company Profile

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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