Digi International Inc. (DGII) Given Average Recommendation of “Hold” by Brokerages

Digi International Inc. (NASDAQ:DGII) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.50.

Several brokerages have recently issued reports on DGII. Roth Capital began coverage on Digi International in a research report on Friday, February 2nd. They set a “buy” rating and a $15.00 price target on the stock. TheStreet cut Digi International from a “b-” rating to a “c” rating in a research report on Thursday, January 25th. Zacks Investment Research cut Digi International from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. BidaskClub upgraded Digi International from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 13th. Finally, Sidoti upgraded Digi International from a “neutral” rating to a “buy” rating in a research report on Monday, December 11th.

Digi International (NASDAQ DGII) opened at $10.20 on Friday. Digi International has a 1 year low of $8.50 and a 1 year high of $13.35. The stock has a market capitalization of $279.74, a price-to-earnings ratio of 113.35 and a beta of 1.48.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans boosted its stake 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 worth $161,000 after acquiring an additional 910 shares in the last quarter. Teachers Advisors LLC boosted its stake 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 worth $436,000 after acquiring an additional 1,464 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake 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 worth $1,301,000 after acquiring an additional 8,056 shares in the last quarter. State Street Corp boosted its stake in shares of Digi International by 5.1% during the 2nd quarter. State Street Corp now owns 729,474 shares of the technology company’s stock worth $7,399,000 after acquiring an additional 35,133 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake 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 worth $6,086,000 after acquiring an additional 65,430 shares in the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

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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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