Digi International (NASDAQ:DGII) PT Lowered to $38.00 at Roth Mkm

Digi International (NASDAQ:DGII) had its price objective lowered by Roth Mkm from $40.00 to $38.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

DGII has been the subject of a number of other reports. Piper Sandler restated an overweight rating and set a $35.00 price objective (down from $40.00) on shares of Digi International in a report on Friday. Stephens boosted their price target on Digi International from $40.00 to $45.00 and gave the company an overweight rating in a research report on Monday, February 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Digi International has an average rating of Moderate Buy and an average target price of $38.00.

Digi International Price Performance

Digi International stock opened at $25.73 on Friday. Digi International has a 1 year low of $21.25 and a 1 year high of $42.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 2.05. The firm has a 50 day moving average price of $30.17 and a 200 day moving average price of $27.17. The company has a market cap of $932.97 million, a price-to-earnings ratio of 67.71, a PEG ratio of 0.84 and a beta of 1.22.

Institutional Investors Weigh In On Digi International

Large investors have recently modified their holdings of the stock. Geneva Capital Management LLC grew its position in Digi International by 20.9% in the first quarter. Geneva Capital Management LLC now owns 1,687,660 shares of the technology company’s stock valued at $53,887,000 after acquiring an additional 291,618 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Digi International by 44.4% in the third quarter. New York State Common Retirement Fund now owns 676,652 shares of the technology company’s stock valued at $18,270,000 after purchasing an additional 208,204 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Digi International by 36.1% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 527,007 shares of the technology company’s stock valued at $14,229,000 after purchasing an additional 139,720 shares in the last quarter. Summit Creek Advisors LLC boosted its position in Digi International by 16.5% in the 4th quarter. Summit Creek Advisors LLC now owns 297,435 shares of the technology company’s stock valued at $7,733,000 after buying an additional 42,179 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Digi International by 0.5% in the 3rd quarter. Rhumbline Advisers now owns 102,783 shares of the technology company’s stock valued at $2,775,000 after buying an additional 502 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.