Digi International (NASDAQ:DGII) had its price target upped by Craig Hallum from $17.00 to $19.00 in a report published on Friday, Briefing.com Automated Import reports. The firm currently has a buy rating on the technology company’s stock.

DGII has been the topic of several other research reports. BidaskClub raised Digi International from a hold rating to a buy rating in a report on Saturday, October 19th. ValuEngine lowered Digi International from a hold rating to a sell rating in a report on Friday, November 1st. Canaccord Genuity reaffirmed a buy rating and set a $26.00 price objective on shares of Digi International in a report on Thursday. Zacks Investment Research lowered Digi International from a buy rating to a hold rating in a report on Friday, November 1st. Finally, Robert W. Baird initiated coverage on Digi International in a report on Friday, November 1st. They set an outperform rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $20.20.

NASDAQ:DGII traded up $2.26 during trading hours on Friday, reaching $17.36. 612,200 shares of the stock were exchanged, compared to its average volume of 93,736. The company has a market capitalization of $415.58 million, a price-to-earnings ratio of 26.71, a PEG ratio of 2.21 and a beta of 1.58. The business has a 50-day moving average of $14.11 and a two-hundred day moving average of $13.00. Digi International has a twelve month low of $9.28 and a twelve month high of $17.45.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Thursday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $64.96 million for the quarter, compared to analyst estimates of $63.20 million. Digi International had a return on equity of 2.15% and a net margin of 4.43%. As a group, analysts forecast that Digi International will post 0.46 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in DGII. Essex Investment Management Co. LLC acquired a new stake in shares of Digi International during the third quarter worth about $1,885,000. Teton Advisors Inc. boosted its stake in shares of Digi International by 36.0% during the second quarter. Teton Advisors Inc. now owns 158,620 shares of the technology company’s stock worth $2,011,000 after buying an additional 42,000 shares during the period. Strs Ohio boosted its stake in shares of Digi International by 162.3% during the third quarter. Strs Ohio now owns 43,800 shares of the technology company’s stock worth $596,000 after buying an additional 27,100 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Digi International by 39.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 50,530 shares of the technology company’s stock worth $641,000 after buying an additional 14,300 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of Digi International by 288.9% during the third quarter. Meeder Asset Management Inc. now owns 11,811 shares of the technology company’s stock worth $161,000 after buying an additional 8,774 shares during the period. Institutional investors and hedge funds own 81.48% 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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