Digi International (NASDAQ:DGII) Now Covered by Roth Capital

Research analysts at Roth Capital started coverage on shares of Digi International (NASDAQ:DGII) in a research report issued to clients and investors on Friday, February 2nd, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $15.00 price target on the technology company’s stock. Roth Capital’s price objective indicates a potential upside of 42.18% from the company’s current price.

Several other equities research analysts have also recently weighed in on DGII. TheStreet cut Digi International from a “b-” rating to a “c” rating in a report on Thursday, January 25th. Zacks Investment Research cut Digi International from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Sidoti cut Digi International from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a report on Monday, October 16th. Canaccord Genuity reiterated a “buy” rating on shares of Digi International in a report on Friday, October 27th. Finally, BidaskClub raised Digi International from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 13th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Digi International currently has an average rating of “Hold” and a consensus target price of $14.00.

Shares of Digi International (NASDAQ DGII) opened at $10.55 on Friday. Digi International has a 1-year low of $8.50 and a 1-year high of $13.35. The firm has a market capitalization of $282.70, a price-to-earnings ratio of 117.22 and a beta of 1.48.

Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, January 25th. The technology company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). Digi International had a return on equity of 1.91% and a net margin of 1.34%. The firm had revenue of $45.20 million during the quarter, compared to analysts’ expectations of $45.58 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. Digi International’s quarterly revenue was up .0% compared to the same quarter last year. analysts expect that Digi International will post 0.15 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Digi International in the 4th quarter worth $119,000. Millrace Asset Group Inc. raised its position in shares of Digi International by 42.4% in the 4th quarter. Millrace Asset Group Inc. now owns 200,000 shares of the technology company’s stock worth $1,910,000 after acquiring an additional 59,588 shares in the last quarter. Rhumbline Advisers raised its position in shares of Digi International by 15.7% in the 4th quarter. Rhumbline Advisers now owns 64,118 shares of the technology company’s stock worth $612,000 after acquiring an additional 8,697 shares in the last quarter. Arizona State Retirement System raised its position in shares of Digi International by 226.1% in the 4th quarter. Arizona State Retirement System now owns 44,816 shares of the technology company’s stock worth $428,000 after acquiring an additional 31,075 shares in the last quarter. Finally, State Street Corp raised its position in shares of Digi International by 5.1% in the 2nd quarter. State Street Corp now owns 729,474 shares of the technology company’s stock worth $7,399,000 after acquiring an additional 35,133 shares in the last quarter. 76.51% of the stock is owned by hedge funds and other institutional investors.

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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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