Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider Sells 2,808 Shares

Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider sold 2,808 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $33.06, for a total transaction of $92,832.48. Following the transaction, the vice president now directly owns 39,002 shares in the company, valued at approximately $1,289,406.12. This represents a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Digi International Stock Up 1.7 %

Shares of Digi International stock opened at $33.22 on Friday. The company has a fifty day moving average price of $30.27 and a 200 day moving average price of $27.12. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.21. Digi International Inc. has a twelve month low of $20.17 and a twelve month high of $34.44. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $105.05 million during the quarter, compared to analyst estimates of $104.16 million. Digi International had a return on equity of 11.24% and a net margin of 5.31%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. Equities research analysts forecast that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in Digi International by 92.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company’s stock worth $187,000 after buying an additional 3,911 shares during the period. Verity Asset Management Inc. acquired a new stake in shares of Digi International during the first quarter valued at about $269,000. Captrust Financial Advisors grew its stake in shares of Digi International by 13.5% during the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock valued at $560,000 after acquiring an additional 2,418 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new position in shares of Digi International in the second quarter worth about $498,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Digi International by 51.8% in the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after acquiring an additional 8,235 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Piper Sandler increased their target price on Digi International from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Craig Hallum reaffirmed a “hold” rating and issued a $32.00 price objective (up from $28.00) on shares of Digi International in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.75.

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.