Digi International Inc. (NASDAQ:DGII) COO Kevin C. Riley sold 20,000 shares of Digi International stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $10.45, for a total transaction of $209,000.00. Following the completion of the sale, the chief operating officer now owns 97,941 shares in the company, valued at $1,023,483.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Digi International Inc. (NASDAQ:DGII) opened at $10.65 on Wednesday. The firm has a market cap of $286.50, a PE ratio of 38.04 and a beta of 1.48. Digi International Inc. has a 52-week low of $8.50 and a 52-week high of $12.95.
Digi International (NASDAQ:DGII) last issued its quarterly earnings data 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). The firm had revenue of $45.20 million during the quarter, compared to the consensus estimate of $45.58 million. Digi International had a net margin of 1.34% and a return on equity of 1.91%. The company’s revenue for the quarter 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. sell-side analysts expect that Digi International Inc. will post 0.15 EPS for the current year.
Several brokerages recently weighed in on DGII. BidaskClub downgraded shares of Digi International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Digi International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. TheStreet downgraded shares of Digi International from a “b-” rating to a “c” rating in a research report on Thursday, January 25th. Sidoti upgraded shares of Digi International from a “neutral” rating to a “buy” rating in a research report on Monday, December 11th. Finally, Roth Capital began coverage on shares of Digi International in a research report on Friday, February 2nd. They issued a “buy” rating and a $15.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.00.
About Digi International
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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