Digi International (NASDAQ:DGII) Receives “Hold” Rating from Craig Hallum

Craig Hallum restated their hold rating on shares of Digi International (NASDAQ:DGII) in a report issued on Thursday, MarketBeat Ratings reports. Craig Hallum currently has a $32.00 price target on the technology company’s stock, up from their prior price target of $28.00.

Separately, Piper Sandler reduced their target price on shares of Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

Digi International Trading Down 0.9 %

Shares of DGII stock traded down $0.28 during trading hours on Thursday, hitting $31.40. 230,822 shares of the company were exchanged, compared to its average volume of 193,587. Digi International has a 1 year low of $20.17 and a 1 year high of $34.08. The firm has a fifty day moving average of $28.98 and a 200 day moving average of $26.75. The firm has a market cap of $1.14 billion, a PE ratio of 51.93, a PEG ratio of 1.07 and a beta of 1.06. The company has a quick ratio of 1.31, a current ratio of 2.00 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DGII. Geneva Capital Management LLC boosted its stake in Digi International by 5.0% during the 3rd quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company’s stock valued at $45,560,000 after purchasing an additional 79,313 shares during the period. Summit Creek Advisors LLC raised its holdings in shares of Digi International by 13.9% in the first quarter. Summit Creek Advisors LLC now owns 338,827 shares of the technology company’s stock valued at $10,819,000 after buying an additional 41,392 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Digi International by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 312,765 shares of the technology company’s stock valued at $7,172,000 after purchasing an additional 6,534 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Digi International by 6.7% during the second quarter. Rhumbline Advisers now owns 114,584 shares of the technology company’s stock valued at $2,627,000 after acquiring an additional 7,208 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Digi International by 216.7% in the second quarter. Harbor Capital Advisors Inc. now owns 91,197 shares of the technology company’s stock worth $2,091,000 after purchasing an additional 62,402 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

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.