Digi International Inc. (NASDAQ:DGII) Receives $36.33 Average PT from Brokerages

Digi International Inc. (NASDAQ:DGII) has been assigned an average recommendation of “Buy” from the four ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $36.33.

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

Institutional Trading of Digi International

A number of institutional investors have recently bought and sold shares of DGII. GAMMA Investing LLC lifted its holdings in shares of Digi International by 687.7% in the 1st quarter. GAMMA Investing LLC now owns 961 shares of the technology company’s stock valued at $31,000 after purchasing an additional 839 shares during the last quarter. Quantbot Technologies LP increased its position in Digi International by 76.8% in the 3rd quarter. Quantbot Technologies LP now owns 1,752 shares of the technology company’s stock valued at $47,000 after acquiring an additional 761 shares during the period. NBC Securities Inc. acquired a new position in Digi International in the 1st quarter valued at about $78,000. Lazard Asset Management LLC increased its position in Digi International by 61.9% during the 1st quarter. Lazard Asset Management LLC now owns 4,350 shares of the technology company’s stock worth $93,000 after purchasing an additional 1,663 shares during the period. Finally, Ensign Peak Advisors Inc increased its position in Digi International by 41.6% during the 3rd quarter. Ensign Peak Advisors Inc now owns 5,240 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,540 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Digi International Price Performance

DGII stock opened at $29.31 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 business has a fifty day moving average of $30.26 and a two-hundred day moving average of $26.84. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 68.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $105.75 million. As a group, research analysts anticipate that Digi International will post 1.8 earnings per share for the current year.

Digi International Company Profile

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.