Digi International (NASDAQ:DGII) Stock Rating Lowered by StockNews.com

Digi International (NASDAQ:DGII – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other analysts have also recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $48.00 target price on shares of Digi International in a report on Friday, February 3rd. Westpark Capital initiated coverage on Digi International in a report on Thursday, May 18th. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Digi International Stock Up 1.0 %

DGII opened at $34.76 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.02 and a quick ratio of 1.03. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 46.35, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. The business has a 50-day moving average of $32.39 and a two-hundred day moving average of $35.20. Digi International has a 12 month low of $21.22 and a 12 month high of $43.68.

Insider Buying and Selling

In related news, CFO James J. Loch sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $33.97, for a total transaction of $237,790.00. Following the transaction, the chief financial officer now directly owns 102,367 shares of the company’s stock, valued at approximately $3,477,406.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO James J. Loch sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $33.97, for a total transaction of $237,790.00. Following the transaction, the chief financial officer now directly owns 102,367 shares of the company’s stock, valued at approximately $3,477,406.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ronald Konezny sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $33.79, for a total value of $1,013,700.00. Following the completion of the transaction, the chief executive officer now directly owns 622,958 shares in the company, valued at $21,049,750.82. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Digi International

Institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in shares of Digi International in the 3rd quarter valued at approximately $34,000. Dorsey Wright & Associates acquired a new position in shares of Digi International in the 4th quarter valued at approximately $42,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Digi International in the 3rd quarter valued at approximately $115,000. Lazard Asset Management LLC raised its position in shares of Digi International by 61.9% in the 1st quarter. Lazard Asset Management LLC now owns 4,350 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,663 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its position in shares of Digi International by 41.6% in the 3rd quarter. Ensign Peak Advisors Inc now owns 5,240 shares of the technology company’s stock valued at $181,000 after purchasing an additional 1,540 shares in the last quarter. 93.28% of the stock is owned by institutional investors and hedge funds.

About Digi International

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Digi International, Inc engages in the provision of business and mission-critical Internet of Things (IoT) connectivity products, services, and solutions. It operates under the IoT Products and Services and IoT Solutions segments. The IoT Products and Services segment offers products and services that help original equipment manufacturers, enterprise, and government customers and secure IoT connectivity solutions.