Digi International Inc. (NASDAQ:DGII) Given Average Rating of “Moderate Buy” by Analysts

Digi International Inc. (NASDAQ:DGII) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $34.20.

Several equities analysts have recently commented on DGII shares. Piper Sandler lowered their price objective on shares of Digi International from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Craig Hallum dropped their price objective on Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

Digi International Stock Performance

NASDAQ:DGII opened at $28.97 on Friday. The stock has a market cap of $1.05 billion, a P/E ratio of 62.98, a PEG ratio of 0.98 and a beta of 1.07. The company has a quick ratio of 1.31, a current ratio of 2.00 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $28.55 and its two-hundred day moving average price is $26.68. Digi International has a twelve month low of $20.17 and a twelve month high of $32.90.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $105.60 million. During the same period last year, the firm posted $0.44 EPS. Digi International’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts predict that Digi International will post 1.67 EPS for the current fiscal year.

Institutional Trading of Digi International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in shares of Digi International during the first quarter valued at approximately $139,000. SG Americas Securities LLC boosted 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 valued at $187,000 after purchasing an additional 3,911 shares during the last quarter. Verity Asset Management Inc. bought a new stake in shares of Digi International in the 1st quarter worth $269,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Digi International in the second quarter worth $498,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Digi International by 52.6% in the first quarter. BNP Paribas Financial Markets now owns 29,940 shares of the technology company’s stock worth $956,000 after purchasing an additional 10,317 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

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.