Digi International Inc. (NASDAQ:DGII) VP Sells $17,208.63 in Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider sold 521 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $33.03, for a total transaction of $17,208.63. Following the completion of the sale, the vice president now owns 35,536 shares in the company, valued at $1,173,754.08. This represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Digi International Stock Performance

Shares of NASDAQ:DGII opened at $33.22 on Monday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 54.46, a P/E/G ratio of 1.16 and a beta of 1.06. Digi International Inc. has a 1-year low of $20.17 and a 1-year high of $34.44. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $30.27 and a two-hundred day moving average price of $27.12.

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

Analyst Ratings Changes

Several research analysts recently issued reports on DGII shares. Piper Sandler upped their price target on shares of Digi International from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Craig Hallum reiterated a “hold” rating and set a $32.00 price target (up previously from $28.00) on shares of Digi International in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.75.

Institutional Trading of Digi International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised 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 purchasing an additional 3,911 shares during the last quarter. Verity Asset Management Inc. bought a new stake in shares of Digi International in the 1st quarter valued at about $269,000. Captrust Financial Advisors increased its stake in shares of Digi International by 13.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock valued at $560,000 after acquiring an additional 2,418 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Digi International in the 2nd quarter valued at about $498,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Digi International by 51.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock valued at $664,000 after acquiring an additional 8,235 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

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.