Digi International (NASDAQ:DGII) SVP Michael Raymond Dannenfeldt sold 42,900 shares of the company’s stock on the open market in a transaction that occured on Tuesday, August 13th. The shares were sold at an average price of $9.79, for a total transaction of $419,991.00. Following the sale, the senior vice president now directly owns 194,415 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Digi International from $8.00 to $10.50 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Separately, analysts at First Analysis initiated coverage on shares of Digi International in a research note to investors on Friday, May 17th. They set an “equal weight” rating on the stock. Finally, analysts at First Analysis initiated coverage on shares of Digi International in a research note to investors on Friday, May 17th. They set an “equal weight” rating on the stock.
Shares of Digi International (NASDAQ:DGII) traded down 0.92% during mid-day trading on Tuesday, hitting $9.69. Digi International has a 52 week low of $8.51 and a 52 week high of $11.27. The stock’s 50-day moving average is currently $9.86. The company has a market cap of $249.1 million and a P/E ratio of 42.52.
Digi International (NASDAQ:DGII) last released its earnings data on Thursday, July 25th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $48.82 million for the quarter, compared to the consensus estimate of $49.03 million. During the same quarter last year, the company posted $0.09 earnings per share. Digi International’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Digi International will post $0.22 EPS for the current fiscal year.
Digi International Inc operates in the communications technology industry. It helps customers connect, monitor and control local or remote electronic devices over a network through the Internet or through satellite.
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