Digi International Inc. (NASDAQ:DGII) shares rose 6.2% on Wednesday . The company traded as high as $14.18 and last traded at $14.13, approximately 152,583 shares traded hands during trading. An increase of 4% from the average daily volume of 146,463 shares. The stock had previously closed at $13.30.
Several equities analysts recently issued reports on DGII shares. TheStreet raised Digi International from a “c+” rating to a “b-” rating in a research report on Monday, July 8th. BidaskClub downgraded Digi International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Zacks Investment Research downgraded Digi International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, ValuEngine raised Digi International from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Digi International has a consensus rating of “Buy” and an average price target of $17.10.
The firm’s fifty day moving average price is $13.06 and its 200 day moving average price is $12.58. The firm has a market capitalization of $371.12 million, a PE ratio of 282.60, a P/E/G ratio of 2.76 and a beta of 1.61.
Digi International (NASDAQ:DGII) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The firm had revenue of $61.17 million for the quarter, compared to analyst estimates of $63.30 million. Digi International had a net margin of 4.43% and a return on equity of 2.15%. Equities analysts anticipate that Digi International Inc. will post 0.33 EPS for the current year.
In other Digi International news, VP Terrence G. Schneider sold 2,636 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $13.61, for a total transaction of $35,875.96. Following the sale, the vice president now directly owns 20,666 shares of the company’s stock, valued at approximately $281,264.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in DGII. BNP Paribas Arbitrage SA grew its stake in shares of Digi International by 337.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,656 shares of the technology company’s stock worth $72,000 after purchasing an additional 4,363 shares during the period. SG Americas Securities LLC acquired a new position in shares of Digi International in the 1st quarter valued at $156,000. Strs Ohio boosted its holdings in Digi International by 44.9% during the first quarter. Strs Ohio now owns 15,500 shares of the technology company’s stock worth $196,000 after buying an additional 4,800 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Digi International during the first quarter worth $207,000. Finally, Russell Investments Group Ltd. boosted its holdings in Digi International by 5.0% during the second quarter. Russell Investments Group Ltd. now owns 33,360 shares of the technology company’s stock worth $423,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 81.40% of the company’s stock.
About Digi International (NASDAQ:DGII)
Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.
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