Digi International (NASDAQ:DGII) Shares Gap Up to $30.65

Digi International Inc. (NASDAQ:DGII)’s share price gapped up prior to trading on Friday . The stock had previously closed at $30.65, but opened at $31.68. Digi International shares last traded at $31.68, with a volume of 33,744 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on DGII. Westpark Capital began coverage on shares of Digi International in a report on Thursday, May 18th. They issued a “buy” rating for the company. StockNews.com assumed coverage on shares of Digi International in a report on Thursday, August 17th. They issued a “hold” rating for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Digi International Stock Down 1.2 %

The firm’s 50-day simple moving average is $35.29 and its 200 day simple moving average is $34.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.88. The company has a market cap of $1.13 billion, a P/E ratio of 39.11, a PEG ratio of 1.07 and a beta of 1.28.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Digi International had a return on equity of 12.11% and a net margin of 6.76%. The business had revenue of $112.24 million during the quarter, compared to analysts’ expectations of $108.75 million. On average, research analysts forecast that Digi International Inc. will post 1.69 earnings per share for the current fiscal year.

Insider Activity at Digi International

In related news, VP David H. Sampsell sold 6,922 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $30.73, for a total transaction of $212,713.06. Following the completion of the transaction, the vice president now owns 71,412 shares in the company, valued at $2,194,490.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Digi International news, VP Terrence G. Schneider sold 12,500 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $33.47, for a total value of $418,375.00. Following the completion of the transaction, the vice president now directly owns 332,587 shares of the company’s stock, valued at $11,131,686.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David H. Sampsell sold 6,922 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $30.73, for a total value of $212,713.06. Following the completion of the transaction, the vice president now directly owns 71,412 shares of the company’s stock, valued at $2,194,490.76. The disclosure for this sale can be found here. Insiders have sold 39,694 shares of company stock worth $1,275,762 in the last ninety days. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Digi International by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 11,412 shares of the technology company’s stock valued at $449,000 after buying an additional 615 shares during the period. Legato Capital Management LLC boosted its holdings in shares of Digi International by 51.3% in the second quarter. Legato Capital Management LLC now owns 55,341 shares of the technology company’s stock valued at $2,180,000 after buying an additional 18,753 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Digi International by 2.8% in the second quarter. Geode Capital Management LLC now owns 707,057 shares of the technology company’s stock valued at $27,851,000 after buying an additional 18,997 shares during the period. Navellier & Associates Inc. boosted its holdings in shares of Digi International by 2.9% in the second quarter. Navellier & Associates Inc. now owns 14,488 shares of the technology company’s stock valued at $571,000 after buying an additional 408 shares during the period. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of Digi International in the second quarter valued at approximately $1,139,000. 95.90% of the stock is owned by institutional investors and hedge funds.

About Digi International

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.