Analysts Set Digi International Inc. (NASDAQ:DGII) PT at $36.33

Digi International Inc. (NASDAQ:DGII) has received a consensus rating of “Buy” from the four analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $36.33.

Separately, Stephens lifted their price objective on Digi International from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, February 5th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake 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 purchasing an additional 1,491 shares during the period. MetLife Investment Management LLC increased its stake in Digi International by 58.5% during the 1st quarter. MetLife Investment Management LLC now owns 18,052 shares of the technology company’s stock worth $388,000 after buying an additional 6,662 shares during the period. Rhumbline Advisers lifted its holdings in Digi International by 2.9% in the 1st quarter. Rhumbline Advisers now owns 97,635 shares of the technology company’s stock worth $2,101,000 after buying an additional 2,711 shares in the last quarter. Lazard Asset Management LLC boosted its position in 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 buying an additional 1,663 shares during the last quarter. Finally, Credit Suisse AG grew its stake in shares of Digi International by 32.0% during the third quarter. Credit Suisse AG now owns 31,170 shares of the technology company’s stock valued at $1,078,000 after acquiring an additional 7,552 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Digi International Stock Down 0.5 %

Shares of DGII opened at $30.16 on Monday. Digi International has a fifty-two week low of $21.25 and a fifty-two week high of $42.95. The company’s fifty day moving average is $30.22 and its two-hundred day moving average is $26.79. The firm has a market cap of $1.09 billion, a PE ratio of 70.14, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 0.36.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. Digi International had a return on equity of 11.87% and a net margin of 3.61%. The business had revenue of $106.09 million for the quarter, compared to analyst estimates of $105.75 million. Analysts forecast that Digi International will post 1.8 earnings per share for the current year.

About Digi International

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.