Digi International Inc. (NASDAQ:DGII) Receives $34.20 Consensus Target Price from Analysts

Shares of Digi International Inc. (NASDAQ:DGII) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $34.20.

A number of research firms have recently commented on DGII. Piper Sandler cut their price objective on Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. StockNews.com upgraded Digi International from a “hold” rating to a “buy” rating in a research note on Saturday, June 15th. Finally, Craig Hallum lowered their price objective on Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, August 8th.

Digi International Stock Up 3.9 %

Digi International stock opened at $29.56 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.31 and a current ratio of 2.00. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 77.79, a price-to-earnings-growth ratio of 0.98 and a beta of 1.07. Digi International has a fifty-two week low of $20.17 and a fifty-two week high of $32.90. The stock’s fifty day moving average is $27.64 and its two-hundred day moving average is $26.84.

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

Institutional Trading of Digi International

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised 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. YHB Investment Advisors Inc. acquired a new position in shares of Digi International during the 1st quarter valued at $33,000. NBC Securities Inc. acquired a new position in shares of Digi International during the 1st quarter valued at $78,000. Central Pacific Bank Trust Division acquired a new position in shares of Digi International during the 1st quarter valued at $139,000. Finally, SG Americas Securities LLC grew its holdings 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 worth $187,000 after acquiring an additional 3,911 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.