Digi International (DGII) Lowered to Sell at BidaskClub

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Digi International (NASDAQ:DGII) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, BidAskClub reports.

DGII has been the subject of a number of other reports. TheStreet upgraded shares of Digi International from a “c+” rating to a “b” rating in a report on Friday, February 1st. Zacks Investment Research downgraded shares of Digi International from a “buy” rating to a “hold” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.92.

Digi International stock opened at $11.90 on Friday. Digi International has a 1 year low of $9.28 and a 1 year high of $14.70. The company has a market capitalization of $336.44 million, a P/E ratio of 238.00, a P/E/G ratio of 2.47 and a beta of 1.51.

Digi International (NASDAQ:DGII) last released its earnings results on Thursday, May 2nd. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Digi International had a net margin of 4.78% and a return on equity of 2.57%. The firm had revenue of $65.76 million during the quarter, compared to the consensus estimate of $60.20 million. As a group, equities analysts anticipate that Digi International will post 0.33 EPS for the current year.

In other Digi International news, VP Jon A. Nyland sold 38,814 shares of Digi International stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $13.44, for a total transaction of $521,660.16. Following the transaction, the vice president now directly owns 48,408 shares of the company’s stock, valued at $650,603.52. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. We Are One Seven LLC acquired a new position in Digi International during the fourth quarter valued at approximately $33,000. BNP Paribas Arbitrage SA lifted its position in Digi International by 337.4% during the first quarter. BNP Paribas Arbitrage SA now owns 5,656 shares of the technology company’s stock valued at $72,000 after buying an additional 4,363 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Digi International during the fourth quarter valued at approximately $77,000. Metropolitan Life Insurance Co. NY lifted its position in Digi International by 405.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,153 shares of the technology company’s stock valued at $92,000 after buying an additional 7,343 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in Digi International during the fourth quarter valued at approximately $105,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

About Digi International

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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Analyst Recommendations for Digi International (NASDAQ:DGII)

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