Digi International (NASDAQ:DGII) Stock Rating Upgraded by StockNews.com

Digi International (NASDAQ:DGII) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

DGII has been the subject of several other research reports. Piper Sandler decreased their target price on Digi International from $32.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Stephens reiterated an “overweight” rating and set a $45.00 target price on shares of Digi International in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.25.

Digi International Stock Up 2.5 %

DGII stock opened at $27.51 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $28.48 and a 200-day simple moving average of $30.39. The company has a market capitalization of $1.02 billion, a P/E ratio of 28.66, a PEG ratio of 1.23 and a beta of 0.88. Digi International has a twelve month low of $20.17 and a twelve month high of $37.07.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.07). Digi International had a return on equity of 11.16% and a net margin of 8.45%. On average, equities research analysts predict that Digi International will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of Digi International

Several hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in Digi International by 1.3% in the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock worth $24,074,000 after buying an additional 11,239 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Digi International by 8.8% in the 4th quarter. Ameriprise Financial Inc. now owns 359,893 shares of the technology company’s stock worth $10,880,000 after acquiring an additional 29,026 shares during the period. New Age Alpha Advisors LLC bought a new stake in Digi International in the 4th quarter valued at about $1,400,000. GAMMA Investing LLC boosted its stake in Digi International by 2,467.2% during the 1st quarter. GAMMA Investing LLC now owns 28,136 shares of the technology company’s stock valued at $783,000 after purchasing an additional 27,040 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Digi International by 16.3% in the fourth quarter. BNP Paribas Financial Markets now owns 28,054 shares of the technology company’s stock valued at $848,000 after purchasing an additional 3,925 shares during the period. Institutional investors 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.