Digi International Inc. (NASDAQ:DGII) VP Sells $17,208.63 in Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider sold 521 shares of Digi International stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $33.03, for a total transaction of $17,208.63. Following the completion of the transaction, the vice president now directly owns 35,536 shares in the company, valued at approximately $1,173,754.08. This represents a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Digi International Stock Up 1.7 %

DGII opened at $33.22 on Monday. Digi International Inc. has a fifty-two week low of $20.17 and a fifty-two week high of $34.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.73 and a quick ratio of 1.13. The firm’s fifty day moving average price is $30.27 and its two-hundred day moving average price is $27.12. The company has a market capitalization of $1.22 billion, a P/E ratio of 54.46, a P/E/G ratio of 1.16 and a beta of 1.06.

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

Institutional Investors Weigh In On Digi International

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in Digi International by 92.5% during the second 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 in the last quarter. Verity Asset Management Inc. acquired a new stake in shares of Digi International in the 1st quarter valued at $269,000. Captrust Financial Advisors boosted its stake in shares of Digi International by 13.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock valued at $560,000 after purchasing an additional 2,418 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Digi International in the 2nd quarter valued at $498,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Digi International by 51.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock valued at $664,000 after purchasing an additional 8,235 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DGII shares. Piper Sandler boosted their target price on shares of 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 set a $32.00 target price (up previously from $28.00) on shares of Digi International in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

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.