Digi International Inc. (NASDAQ:DGII) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Digi International Inc. (NASDAQ:DGII) have earned a consensus rating of “Moderate Buy” from the four analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $36.00.

A number of equities analysts recently weighed in on DGII shares. Roth Mkm reduced their price target on Digi International from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Piper Sandler decreased their target price on Digi International from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, StockNews.com raised shares of Digi International from a “hold” rating to a “buy” rating in a report on Saturday, June 15th.

Institutional Trading of Digi International

A number of institutional investors have recently made changes to their positions in DGII. Geneva Capital Management LLC lifted its holdings in Digi International by 20.9% in the 1st quarter. Geneva Capital Management LLC now owns 1,687,660 shares of the technology company’s stock valued at $53,887,000 after purchasing an additional 291,618 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Digi International by 1,814.0% in the first quarter. Russell Investments Group Ltd. now owns 57,764 shares of the technology company’s stock worth $1,844,000 after buying an additional 54,746 shares in the last quarter. Summit Creek Advisors LLC boosted its position in Digi International by 16.5% during the fourth quarter. Summit Creek Advisors LLC now owns 297,435 shares of the technology company’s stock worth $7,733,000 after acquiring an additional 42,179 shares during the last quarter. GAMMA Investing LLC grew its stake in Digi International by 687.7% during the 1st quarter. GAMMA Investing LLC now owns 961 shares of the technology company’s stock valued at $31,000 after acquiring an additional 839 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Digi International by 55.0% in the fourth 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 in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Digi International Stock Performance

DGII opened at $26.66 on Wednesday. The firm has a fifty day moving average price of $23.82 and a 200 day moving average price of $27.06. Digi International has a 1 year low of $21.25 and a 1 year high of $42.95. The stock has a market cap of $969.89 million, a P/E ratio of 70.16, a P/E/G ratio of 0.91 and a beta of 1.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.05 and a quick ratio of 1.28.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data 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. Digi International had a net margin of 3.20% and a return on equity of 11.61%. The business had revenue of $107.70 million during the quarter, compared to the consensus estimate of $106.97 million. Equities research analysts anticipate that Digi International will post 1.7 earnings per share for the current 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.