TheStreet upgraded shares of Digi International (NASDAQ:DGII) from a c+ rating to a b- rating in a report issued on Monday morning, TheStreetRatingsTable reports.

Several other equities analysts also recently commented on the stock. BidaskClub downgraded shares of Xencor from a sell rating to a strong sell rating in a report on Tuesday, June 11th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $17.10.

Shares of DGII stock opened at $12.85 on Monday. The stock has a market cap of $355.23 million, a PE ratio of 257.00, a P/E/G ratio of 2.65 and a beta of 1.62. Digi International has a 52 week low of $9.28 and a 52 week high of $14.45. The business has a fifty day moving average of $11.93.

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

In other Digi International news, VP Tracy L. Roberts sold 22,180 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $11.43, for a total value of $253,517.40. Following the transaction, the vice president now directly owns 60,581 shares in the company, valued at approximately $692,440.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its position in shares of Digi International by 21.7% during the fourth quarter. Rhumbline Advisers now owns 81,269 shares of the technology company’s stock worth $820,000 after acquiring an additional 14,509 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Digi International in the fourth quarter worth $105,000. Geode Capital Management LLC raised its position in shares of Digi International by 12.9% in the fourth quarter. Geode Capital Management LLC now owns 307,169 shares of the technology company’s stock worth $3,099,000 after buying an additional 35,154 shares in the last quarter. Mairs & Power INC raised its position in shares of Digi International by 153.0% in the fourth quarter. Mairs & Power INC now owns 223,895 shares of the technology company’s stock worth $2,259,000 after buying an additional 135,400 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Digi International by 405.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,153 shares of the technology company’s stock worth $92,000 after buying an additional 7,343 shares in the last quarter. Institutional investors and hedge funds own 82.03% of the company’s stock.

Digi International Company Profile

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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