Digi International (DGII) Research Coverage Started at Roth Capital

Equities researchers at Roth Capital initiated coverage on shares of Digi International (NASDAQ:DGII) in a research report issued on Friday. The firm set a “buy” rating and a $15.00 price target on the technology company’s stock. Roth Capital’s price objective would indicate a potential upside of 40.19% from the stock’s current price.

A number of other brokerages have also recently issued reports on DGII. Sidoti cut shares of Digi International from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Monday, October 16th. Canaccord Genuity reissued a “buy” rating on shares of Digi International in a research report on Friday, October 27th. TheStreet raised shares of Digi International from a “c+” rating to a “b” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of Digi International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Finally, BidaskClub cut shares of Digi International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.00.

Shares of Digi International (DGII) traded up $0.30 during mid-day trading on Friday, reaching $10.70. 59,308 shares of the company’s stock were exchanged, compared to its average volume of 94,884. Digi International has a 1 year low of $8.50 and a 1 year high of $13.35. The company has a market capitalization of $279.74 and a PE ratio of 117.79.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Digi International had a net margin of 1.34% and a return on equity of 1.91%. The business had revenue of $45.20 million during the quarter, compared to the consensus estimate of $45.58 million. During the same period in the previous year, the business posted $0.08 earnings per share. Digi International’s revenue was up .0% compared to the same quarter last year. research analysts anticipate that Digi International will post 0.15 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of Digi International by 5.1% during the second quarter. State Street Corp now owns 729,474 shares of the technology company’s stock worth $7,399,000 after purchasing an additional 35,133 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Digi International by 12.2% during the second quarter. Ameriprise Financial Inc. now owns 599,573 shares of the technology company’s stock worth $6,086,000 after purchasing an additional 65,430 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Digi International by 6.7% during the second quarter. TIAA CREF Investment Management LLC now owns 128,218 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 8,056 shares in the last quarter. Teachers Advisors LLC boosted its position 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 worth $436,000 after purchasing an additional 1,464 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position 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 worth $161,000 after purchasing an additional 910 shares in the last quarter. 77.41% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Digi International (DGII) Research Coverage Started at Roth Capital” was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/02/02/digi-international-dgii-research-coverage-started-at-roth-capital.html.

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.

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.

Leave a Reply