Digi International (NASDAQ:DGII) PT Raised to $48.00

Digi International (NASDAQ:DGIIGet Rating) had its price target lifted by Craig Hallum to $48.00 in a research note published on Wednesday, Stock Target Advisor reports.

DGII has been the topic of a number of other reports. Piper Sandler upped their price target on shares of Digi International from $45.00 to $50.00 in a research note on Thursday, November 10th. Stephens upped their price target on shares of Digi International from $40.00 to $50.00 and gave the stock an overweight rating in a research note on Friday, November 11th. Cantor Fitzgerald upped their price target on shares of Digi International from $41.00 to $48.00 and gave the stock an overweight rating in a research note on Friday, November 11th. StockNews.com started coverage on shares of Digi International in a research note on Wednesday, October 12th. They set a hold rating on the stock. Finally, Canaccord Genuity Group upped their price target on shares of Digi International from $30.00 to $41.00 in a research note on Monday, August 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $47.00.

Digi International Stock Up 5.1 %

Shares of Digi International stock opened at $41.53 on Wednesday. The company has a market cap of $1.46 billion, a P/E ratio of 76.91, a PEG ratio of 1.16 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.96 and a current ratio of 1.72. Digi International has a one year low of $18.54 and a one year high of $42.04. The firm has a fifty day moving average of $36.62 and a two-hundred day moving average of $30.15.

Institutional Investors Weigh In On Digi International

A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio grew its stake in Digi International by 1.3% in the 3rd quarter. Strs Ohio now owns 23,500 shares of the technology company’s stock valued at $812,000 after acquiring an additional 300 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Digi International by 1.4% during the 3rd quarter. New York State Teachers Retirement System now owns 59,752 shares of the technology company’s stock worth $2,066,000 after purchasing an additional 829 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Digi International during the 3rd quarter worth about $34,000. Gamco Investors INC. ET AL boosted its stake in shares of Digi International by 1.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 115,140 shares of the technology company’s stock worth $2,789,000 after purchasing an additional 1,300 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Digi International by 13.3% during the 1st quarter. US Bancorp DE now owns 12,666 shares of the technology company’s stock worth $272,000 after purchasing an additional 1,491 shares during the last quarter. 90.65% of the stock is owned by institutional investors and hedge funds.

Digi International Company Profile

(Get Rating)

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.

Featured Articles

Analyst Recommendations for Digi International (NASDAQ:DGII)

Receive News & Ratings for Digi International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digi International and related companies with MarketBeat.com's FREE daily email newsletter.