Digi International Inc. (NASDAQ:DGII) VP Sells $92,832.48 in Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider sold 2,808 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $33.06, for a total transaction of $92,832.48. Following the completion of the sale, the vice president now directly owns 39,002 shares of the company’s stock, valued at approximately $1,289,406.12. This represents a 6.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Digi International Price Performance

Shares of Digi International stock traded up $0.55 during midday trading on Friday, reaching $33.22. The company had a trading volume of 142,908 shares, compared to its average volume of 196,788. The stock has a fifty day simple moving average of $30.27 and a 200 day simple moving average of $27.12. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.21. Digi International Inc. has a 1-year low of $20.17 and a 1-year high of $34.44. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, November 13th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. Digi International had a net margin of 5.31% and a return on equity of 11.24%. The firm had revenue of $105.05 million during the quarter, compared to analyst estimates of $104.16 million. During the same quarter in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts forecast that Digi International Inc. will post 1.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DGII shares. Craig Hallum reissued a “hold” rating and issued a $32.00 price target (up previously from $28.00) on shares of Digi International in a report on Thursday, November 14th. Piper Sandler raised their price target on shares of Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.75.

Institutional Trading of Digi International

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings in Digi International by 92.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company’s stock worth $187,000 after acquiring an additional 3,911 shares during the period. Verity Asset Management Inc. acquired a new stake in Digi International during the 1st quarter worth $269,000. Cornercap Investment Counsel Inc. bought a new position in shares of Digi International during the second quarter worth $498,000. Captrust Financial Advisors boosted its position in shares of Digi International by 13.5% during the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock worth $560,000 after purchasing an additional 2,418 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Digi International by 51.8% during the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after purchasing an additional 8,235 shares in 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.