Stephens Raises Digi International (NASDAQ:DGII) Price Target to $50.00

Digi International (NASDAQ:DGIIGet Rating) had its target price lifted by Stephens from $40.00 to $50.00 in a research report released on Friday morning, MarketBeat.com reports. They currently have an overweight rating on the technology company’s stock.

Several other brokerages also recently weighed in on DGII. Canaccord Genuity Group boosted their price objective on Digi International from $41.00 to $46.00 and gave the company a buy rating in a research report on Friday. Craig Hallum boosted their price objective on Digi International to $40.00 in a research report on Tuesday, August 9th. Canaccord Genuity Group upped their target price on Digi International from $30.00 to $41.00 in a report on Monday, August 8th. Cantor Fitzgerald upped their target price on Digi International from $41.00 to $48.00 and gave the company an overweight rating in a report on Friday. Finally, UBS Group upped their target price on Digi International from $41.00 to $46.00 and gave the company a buy rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $45.86.

Digi International Stock Performance

Shares of DGII stock opened at $39.89 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.14 and a current ratio of 1.79. Digi International has a fifty-two week low of $18.54 and a fifty-two week high of $42.04. The stock has a 50 day moving average price of $35.84 and a two-hundred day moving average price of $29.46. The company has a market capitalization of $1.40 billion, a P/E ratio of 73.87, a PEG ratio of 1.13 and a beta of 1.25.

Institutional Investors Weigh In On Digi International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC grew its stake in shares of Digi International by 15.2% in the first quarter. Ulland Investment Advisors LLC now owns 13,685 shares of the technology company’s stock worth $295,000 after acquiring an additional 1,810 shares during the last quarter. State of Tennessee Treasury Department grew its stake in shares of Digi International by 17.9% in the first quarter. State of Tennessee Treasury Department now owns 12,606 shares of the technology company’s stock worth $271,000 after acquiring an additional 1,910 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Digi International by 0.5% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 555,805 shares of the technology company’s stock worth $11,961,000 after acquiring an additional 2,750 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of Digi International by 57.2% in the first quarter. Campbell & CO Investment Adviser LLC now owns 40,795 shares of the technology company’s stock worth $878,000 after acquiring an additional 14,847 shares during the last quarter. Finally, Alpha Paradigm Partners LLC grew its stake in shares of Digi International by 51.8% in the second quarter. Alpha Paradigm Partners LLC now owns 27,842 shares of the technology company’s stock worth $674,000 after acquiring an additional 9,495 shares during the last quarter. 90.65% of the stock is owned by hedge funds and other institutional investors.

Digi International Company Profile

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Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States 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.

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