Digi International Inc. (NASDAQ:DGII) Receives $36.50 Consensus PT from Analysts

Digi International Inc. (NASDAQ:DGIIGet Free Report) has earned an average recommendation of “Moderate Buy” from the four ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.50.

DGII has been the subject of a number of research analyst reports. StockNews.com lowered shares of Digi International from a “buy” rating to a “hold” rating in a research report on Friday. Roth Mkm dropped their price target on shares of Digi International from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Piper Sandler lowered shares of Digi International from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $29.00 in a research report on Wednesday, May 22nd.

Get Our Latest Stock Analysis on Digi International

Digi International Stock Down 1.5 %

Shares of DGII opened at $23.42 on Tuesday. The company has a 50-day simple moving average of $28.18 and a 200-day simple moving average of $27.34. The firm has a market capitalization of $852.02 million, a P/E ratio of 61.63, a P/E/G ratio of 0.82 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 2.05. Digi International has a 52 week low of $21.25 and a 52 week high of $42.95.

Digi International (NASDAQ:DGIIGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $107.70 million during the quarter, compared to analyst estimates of $106.97 million. Digi International had a net margin of 3.20% and a return on equity of 11.61%. On average, equities research analysts expect that Digi International will post 1.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DGII. Geneva Capital Management LLC raised its stake in shares of Digi International by 50.0% in the fourth quarter. Geneva Capital Management LLC now owns 1,396,042 shares of the technology company’s stock valued at $36,297,000 after acquiring an additional 465,382 shares during the last quarter. New York State Common Retirement Fund raised 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 acquiring an additional 208,204 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Digi International by 1,814.0% in the first quarter. Russell Investments Group Ltd. now owns 57,764 shares of the technology company’s stock valued at $1,844,000 after acquiring an additional 54,746 shares during the last quarter. Summit Creek Advisors LLC raised its stake in shares of Digi International by 16.5% in the fourth quarter. Summit Creek Advisors LLC now owns 297,435 shares of the technology company’s stock valued at $7,733,000 after acquiring an additional 42,179 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in shares of Digi International in the fourth quarter valued at approximately $525,000. Institutional investors own 95.90% of the company’s stock.

Digi International Company Profile

(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.

Further Reading

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