Digi International Inc. (NASDAQ:DGII) Given Average Rating of “Moderate Buy” by Analysts

Digi International Inc. (NASDAQ:DGII) has received an average recommendation of “Moderate Buy” from the four brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.50.

DGII has been the topic of several recent research reports. Piper Sandler lowered Digi International from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $29.00 in a research report on Wednesday, May 22nd. StockNews.com upgraded Digi International from a “hold” rating to a “buy” rating in a research report on Saturday, June 15th. Finally, Roth Mkm reduced their price target on Digi International from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd.

Institutional Investors Weigh In On Digi International

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in shares of Digi International by 0.5% in the 3rd quarter. Rhumbline Advisers now owns 102,783 shares of the technology company’s stock valued at $2,775,000 after purchasing an additional 502 shares during the period. SG Americas Securities LLC lifted its stake in shares of Digi International by 55.0% in the 4th quarter. SG Americas Securities LLC now owns 23,167 shares of the technology company’s stock valued at $602,000 after purchasing an additional 8,216 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in shares of Digi International in the 4th quarter valued at approximately $525,000. Geneva Capital Management LLC lifted its stake in shares of Digi International by 50.0% in the 4th quarter. Geneva Capital Management LLC now owns 1,396,042 shares of the technology company’s stock valued at $36,297,000 after purchasing an additional 465,382 shares during the period. Finally, Summit Creek Advisors LLC lifted its stake in shares of Digi International by 16.5% in the 4th quarter. Summit Creek Advisors LLC now owns 297,435 shares of the technology company’s stock valued at $7,733,000 after purchasing an additional 42,179 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Digi International Price Performance

Shares of NASDAQ DGII opened at $22.93 on Friday. The firm has a market capitalization of $834.19 million, a P/E ratio of 60.34, a P/E/G ratio of 0.77 and a beta of 1.12. The company has a quick ratio of 1.28, a current ratio of 2.05 and a debt-to-equity ratio of 0.31. The stock’s 50-day simple moving average is $25.44 and its two-hundred day simple moving average is $27.15. Digi International has a twelve month low of $21.25 and a twelve month high of $42.95.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $107.70 million for the quarter, compared to analyst estimates of $106.97 million. Digi International had a return on equity of 11.61% and a net margin of 3.20%. As a group, equities analysts anticipate that Digi International will post 1.7 EPS for the current fiscal year.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.