Digi International Inc. (NASDAQ:DGII) Receives $34.20 Average PT from Analysts

Shares of Digi International Inc. (NASDAQ:DGII) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $34.20.

Several research analysts have recently issued reports on the stock. Craig Hallum lowered their price target on shares of Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler cut their price target on Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Digi International

Several large investors have recently modified their holdings of DGII. GAMMA Investing LLC grew its position in shares of Digi International by 687.7% during the 1st quarter. GAMMA Investing LLC now owns 961 shares of the technology company’s stock worth $31,000 after buying an additional 839 shares during the period. YHB Investment Advisors Inc. acquired a new position in shares of Digi International during the first quarter valued at about $33,000. NBC Securities Inc. bought a new position in shares of Digi International during the 1st quarter worth about $78,000. Central Pacific Bank Trust Division acquired a new stake in shares of Digi International in the 1st quarter valued at about $139,000. Finally, SG Americas Securities LLC grew its stake in shares of Digi International by 92.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company’s stock valued at $187,000 after buying an additional 3,911 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Digi International Price Performance

Shares of DGII stock opened at $29.56 on Monday. The business has a fifty day simple moving average of $27.75 and a 200 day simple moving average of $26.80. The company has a market cap of $1.08 billion, a P/E ratio of 77.79, a P/E/G ratio of 0.98 and a beta of 1.07. The company has a quick ratio of 1.31, a current ratio of 2.00 and a debt-to-equity ratio of 0.27. Digi International has a twelve month low of $20.17 and a twelve month high of $32.90.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $105.60 million. Digi International had a net margin of 3.94% and a return on equity of 11.32%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, sell-side analysts forecast that Digi International will post 1.67 EPS for the current fiscal year.

Digi International Company Profile

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.