Digi International Inc. (NASDAQ:DGII) Receives $34.20 Average Target Price from Analysts

by · The Cerbat Gem

Digi International Inc. (NASDAQ:DGII – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $34.20.

A number of brokerages have weighed in on DGII. Craig Hallum decreased their price objective on Digi International from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Piper Sandler reduced their price target on Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com upgraded Digi International from a “hold” rating to a “buy” rating in a report on Saturday, June 15th.

Check Out Our Latest Stock Report on Digi International

Hedge Funds Weigh In On Digi International

Several institutional investors have recently bought and sold shares of DGII. Geneva Capital Management LLC lifted its stake in Digi International by 20.9% during the first quarter. Geneva Capital Management LLC now owns 1,687,660 shares of the technology company’s stock worth $53,887,000 after purchasing an additional 291,618 shares during the last quarter. Summit Creek Advisors LLC lifted its stake in Digi International by 13.9% in the first quarter. Summit Creek Advisors LLC now owns 338,827 shares of the technology company’s stock valued at $10,819,000 after buying an additional 41,392 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Digi International by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 312,765 shares of the technology company’s stock valued at $7,172,000 after buying an additional 6,534 shares during the last quarter. Rhumbline Advisers lifted its stake in Digi International by 6.7% in the second quarter. Rhumbline Advisers now owns 114,584 shares of the technology company’s stock valued at $2,627,000 after buying an additional 7,208 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Digi International by 216.7% in the second quarter. Harbor Capital Advisors Inc. now owns 91,197 shares of the technology company’s stock valued at $2,091,000 after buying an additional 62,402 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Digi International Stock Performance

Shares of Digi International stock opened at $29.56 on Monday. The company has a market capitalization of $1.08 billion, a PE ratio of 77.79, a P/E/G ratio of 0.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.31 and a current ratio of 2.00. The company has a 50-day simple moving average of $27.64 and a two-hundred day simple moving average of $26.84. Digi International has a one year low of $20.17 and a one year high of $32.90.

Digi International (NASDAQ:DGII – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $105.20 million for the quarter, compared to the consensus estimate of $105.60 million. Digi International had a net margin of 3.94% and a return on equity of 11.32%. Digi International’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Research analysts expect that Digi International will post 1.67 EPS for the current fiscal year.

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.

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