Digi International Inc. (NASDAQ:DGII) – Stock analysts at First Analysis issued their Q1 2018 earnings per share (EPS) estimates for Digi International in a research report issued on Friday. First Analysis analyst H. Smith forecasts that the technology company will earn $0.10 per share for the quarter.

Several other brokerages also recently commented on DGII. Benchmark Co. began coverage on Digi International in a research note on Tuesday, April 25th. They issued a “buy” rating and a $16.00 target price for the company. Canaccord Genuity restated a “buy” rating and issued a $15.00 target price on shares of Digi International in a research note on Friday. Zacks Investment Research upgraded Digi International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Sidoti upgraded Digi International from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. Finally, TheStreet downgraded Digi International from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $15.25.

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Shares of Digi International (NASDAQ DGII) opened at 9.90 on Monday. The company has a market cap of $262.56 million, a price-to-earnings ratio of 30.09 and a beta of 1.44. The company’s 50-day moving average price is $9.94 and its 200 day moving average price is $11.41. Digi International has a 12-month low of $9.00 and a 12-month high of $14.15.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $45.70 million for the quarter, compared to analyst estimates of $45.67 million. Digi International had a return on equity of 3.17% and a net margin of 4.74%. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share.

A number of institutional investors have recently made changes to their positions in the stock. Teton Advisors Inc. boosted its position in shares of Digi International by 28.3% in the first quarter. Teton Advisors Inc. now owns 84,801 shares of the technology company’s stock valued at $1,009,000 after buying an additional 18,700 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Digi International by 3.0% in the first quarter. Gamco Investors INC. ET AL now owns 44,390 shares of the technology company’s stock valued at $528,000 after buying an additional 1,300 shares during the last quarter. State Street Corp boosted its position in shares of Digi International by 3.4% in the fourth quarter. State Street Corp now owns 710,559 shares of the technology company’s stock valued at $9,769,000 after buying an additional 23,146 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Digi International by 13.2% in the first quarter. Gabelli Funds LLC now owns 171,342 shares of the technology company’s stock valued at $2,039,000 after buying an additional 20,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Digi International by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 478,009 shares of the technology company’s stock valued at $5,689,000 after buying an additional 3,433 shares during the last quarter. 76.86% of the stock is currently owned by institutional investors and hedge funds.

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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