Digi International Inc. (NASDAQ:DGII) Director Ahmed Nawaz sold 7,213 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $11.74, for a total transaction of $84,680.62. Following the sale, the director now owns 153,777 shares of the company’s stock, valued at approximately $1,805,341.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Ahmed Nawaz also recently made the following trade(s):
On Friday, November 30th, Ahmed Nawaz sold 2,380 shares of Digi International stock. The shares were sold at an average price of $11.91, for a total transaction of $28,345.80.
On Tuesday, December 4th, Ahmed Nawaz sold 13,300 shares of Digi International stock. The shares were sold at an average price of $11.40, for a total transaction of $151,620.00.
NASDAQ:DGII traded up $0.15 on Thursday, reaching $11.23. The stock had a trading volume of 83,090 shares, compared to its average volume of 86,491. The firm has a market cap of $304.35 million, a price-to-earnings ratio of 224.60, a price-to-earnings-growth ratio of 2.83 and a beta of 1.41. Digi International Inc. has a 12-month low of $9.29 and a 12-month high of $14.70.
Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Thursday, November 15th. The technology company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. Digi International had a net margin of 0.57% and a return on equity of 1.32%. The company had revenue of $65.66 million during the quarter, compared to the consensus estimate of $61.90 million. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, equities analysts predict that Digi International Inc. will post 0.29 earnings per share for the current year.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of Digi International from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Lake Street Capital set a $16.00 price target on shares of Digi International and gave the stock a “buy” rating in a research note on Thursday, September 27th. ValuEngine cut shares of Digi International from a “buy” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity reiterated a “buy” rating and issued a $21.00 price objective on shares of Digi International in a research report on Friday, November 16th. Finally, Dougherty & Co reiterated a “buy” rating and issued a $16.50 price objective (up from $14.00) on shares of Digi International in a research report on Tuesday, September 25th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $16.90.
Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Digi International during the 2nd quarter valued at about $126,000. MetLife Investment Advisors LLC increased its position in Digi International by 58.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 19,843 shares of the technology company’s stock worth $267,000 after purchasing an additional 7,343 shares in the last quarter. California Public Employees Retirement System increased its position in Digi International by 8.9% during the 2nd quarter. California Public Employees Retirement System now owns 63,011 shares of the technology company’s stock worth $832,000 after purchasing an additional 5,175 shares in the last quarter. EAM Global Investors LLC acquired a new stake in Digi International during the 2nd quarter worth approximately $1,219,000. Finally, EAM Investors LLC acquired a new stake in Digi International during the 2nd quarter worth approximately $1,674,000. 81.70% of the stock is owned by institutional investors.
Digi International Company Profile
Digi International Inc provides Internet of Things networking hardware products and solutions. It operates in two segments, Machine-to-Machine and 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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