Craig Hallum Reiterates Hold Rating for Digi International (NASDAQ:DGII)

Digi International (NASDAQ:DGII - Get Free Report)'s stock had its "hold" rating restated by research analysts at Craig Hallum in a report released on Thursday, Marketbeat.com reports. They currently have a $32.00 price objective on the technology company's stock, up from their previous price objective of $28.00. Craig Hallum's price target would indicate a potential upside of 1.01% from the company's current price.

Separately, Piper Sandler reduced their target price on shares of Digi International from $27.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.20.

Digi International Price Performance

Shares of NASDAQ DGII traded down $0.29 during mid-day trading on Thursday, reaching $31.68. The company's stock had a trading volume of 391,883 shares, compared to its average volume of 193,325. The stock has a 50-day moving average of $28.98 and a two-hundred day moving average of $26.75. The stock has a market capitalization of $1.15 billion, a P/E ratio of 67.11, a P/E/G ratio of 1.09 and a beta of 1.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.31 and a current ratio of 2.00. Digi International has a 1-year low of $20.17 and a 1-year high of $34.08.

Institutional Investors Weigh In On Digi International

A number of hedge funds have recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in shares of Digi International by 13.5% in the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company's stock valued at $560,000 after purchasing an additional 2,418 shares during the period. SG Americas Securities LLC grew its holdings in shares of Digi International by 92.5% in the second quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company's stock valued at $187,000 after purchasing an additional 3,911 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of 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 purchasing an additional 6,534 shares during the period. Rhumbline Advisers boosted its stake in Digi International by 6.7% during the second quarter. Rhumbline Advisers now owns 114,584 shares of the technology company's stock worth $2,627,000 after buying an additional 7,208 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in 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 buying an additional 8,235 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

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.