Digi International Inc. (NASDAQ:DGII) COO Kevin C. Riley sold 4,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $10.50, for a total transaction of $42,000.00. Following the completion of the sale, the chief operating officer now owns 81,941 shares of the company’s stock, valued at $860,380.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Digi International Inc. (NASDAQ DGII) traded down $0.25 during midday trading on Tuesday, hitting $10.30. 88,136 shares of the stock were exchanged, compared to its average volume of 106,172. The firm has a market capitalization of $285.15, a PE ratio of 114.46 and a beta of 1.48. Digi International Inc. has a 52-week low of $8.50 and a 52-week high of $13.35.
Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Thursday, January 25th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The business had revenue of $45.20 million for the quarter, compared to analyst estimates of $45.58 million. Digi International had a net margin of 1.34% and a return on equity of 1.91%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. equities research analysts predict that Digi International Inc. will post 0.15 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its holdings in shares of Digi International by 5.1% during the second quarter. State Street Corp now owns 729,474 shares of the technology company’s stock valued at $7,399,000 after buying an additional 35,133 shares during the last quarter. Millrace Asset Group Inc. grew its holdings in shares of Digi International by 42.4% during the fourth quarter. Millrace Asset Group Inc. now owns 200,000 shares of the technology company’s stock valued at $1,910,000 after buying an additional 59,588 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Digi International by 6.7% during the second quarter. TIAA CREF Investment Management LLC now owns 128,218 shares of the technology company’s stock valued at $1,301,000 after buying an additional 8,056 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Digi International by 15.7% during the fourth quarter. Rhumbline Advisers now owns 64,118 shares of the technology company’s stock valued at $612,000 after buying an additional 8,697 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Digi International by 226.1% during the fourth quarter. Arizona State Retirement System now owns 44,816 shares of the technology company’s stock valued at $428,000 after purchasing an additional 31,075 shares in the last quarter. Hedge funds and other institutional investors own 76.51% of the company’s stock.
A number of equities research analysts have commented on DGII shares. BidaskClub cut shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Sidoti upgraded shares of Digi International from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Zacks Investment Research cut shares of Digi International from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Roth Capital started coverage on shares of Digi International in a report on Friday, February 2nd. They issued a “buy” rating and a $15.00 price target for the company. Finally, Canaccord Genuity restated a “buy” rating on shares of Digi International in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.00.
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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