Stephens Increases Digi International (NASDAQ:DGII) Price Target to $45.00

Digi International (NASDAQ:DGIIGet Free Report) had its target price hoisted by research analysts at Stephens from $40.00 to $45.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Stephens’ price objective indicates a potential upside of 56.90% from the stock’s previous close.

DGII has been the subject of a number of other research reports. B. Riley started coverage on Digi International in a report on Wednesday, November 15th. They issued a “buy” rating and a $34.00 price target for the company. TheStreet cut Digi International from a “b” rating to a “c+” rating in a report on Thursday, November 9th. Finally, Piper Sandler reduced their price target on Digi International from $50.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Digi International presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.33.

Check Out Our Latest Stock Analysis on DGII

Digi International Stock Up 0.6 %

Shares of DGII opened at $28.68 on Monday. Digi International has a 52 week low of $21.25 and a 52 week high of $42.95. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 66.70, a PEG ratio of 0.96 and a beta of 1.18. The stock’s 50-day moving average price is $25.04 and its 200-day moving average price is $27.65.

Digi International (NASDAQ:DGIIGet Free Report) last issued its earnings results on Thursday, November 9th. 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 11.87% and a net margin of 3.61%. The firm had revenue of $112.16 million for the quarter, compared to the consensus estimate of $110.63 million. On average, sell-side analysts predict that Digi International will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Digi International

A number of hedge funds have recently made changes to their positions in DGII. US Bancorp DE raised its holdings in shares of Digi International by 13.3% during the first quarter. US Bancorp DE now owns 12,666 shares of the technology company’s stock valued at $272,000 after acquiring an additional 1,491 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Digi International by 58.5% in the first quarter. MetLife Investment Management LLC now owns 18,052 shares of the technology company’s stock valued at $388,000 after purchasing an additional 6,662 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Digi International by 2.9% in the first quarter. Rhumbline Advisers now owns 97,635 shares of the technology company’s stock valued at $2,101,000 after purchasing an additional 2,711 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Digi International by 61.9% in the first 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 during the last quarter. Finally, Credit Suisse AG increased its holdings in shares of Digi International by 32.0% in the third quarter. Credit Suisse AG now owns 31,170 shares of the technology company’s stock valued at $1,078,000 after purchasing an additional 7,552 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

About Digi International

(Get Free Report)

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.

Featured Articles

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.