Digi International Inc. (NASDAQ:DGII) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.50.

Several brokerages have recently commented on DGII. Sidoti upgraded shares of Digi International from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 23rd. TheStreet downgraded shares of Digi International from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Zacks Investment Research upgraded shares of Digi International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Canaccord Genuity reiterated a “buy” rating and set a $15.00 price target on shares of Digi International in a research report on Friday, July 28th. Finally, BidaskClub cut shares of Digi International from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.

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A number of institutional investors have recently added to or reduced their stakes in DGII. SG Americas Securities LLC bought a new stake in shares of Digi International during the first quarter worth $106,000. Arizona State Retirement System increased its holdings in shares of Digi International by 0.7% during the second quarter. Arizona State Retirement System now owns 13,841 shares of the technology company’s stock worth $140,000 after buying an additional 100 shares in the last quarter. OppenheimerFunds Inc. acquired a new position in shares of Digi International during the first quarter worth $148,000. Thrivent Financial For Lutherans increased its holdings 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 buying an additional 910 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Digi International by 2.8% during the first quarter. US Bancorp DE now owns 28,546 shares of the technology company’s stock worth $340,000 after buying an additional 771 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Shares of Digi International (DGII) traded up 1.224% during mid-day trading on Tuesday, reaching $9.262. The company’s stock had a trading volume of 2,687 shares. The firm has a market cap of $245.80 million, a price-to-earnings ratio of 28.152 and a beta of 1.45. Digi International has a 52-week low of $8.50 and a 52-week high of $14.15. The firm has a 50 day moving average price of $9.37 and a 200 day moving average price of $10.58.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The business had revenue of $45.70 million for the quarter, compared to the consensus estimate of $45.67 million. Digi International had a return on equity of 3.17% and a net margin of 4.74%. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. On average, equities analysts predict that Digi International will post $0.27 EPS for the current fiscal year.

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.

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