Digi International (NASDAQ:DGII) Reaches New 1-Year High - Should You Buy?

Digi International Inc. (NASDAQ:DGII - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $33.10 and last traded at $33.10, with a volume of 202 shares. The stock had previously closed at $32.33.

Wall Street Analyst Weigh In

DGII has been the subject of a number of research reports. Piper Sandler cut 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 note on Thursday, August 8th. Craig Hallum cut their target price on shares of Digi International from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Digi International presently has a consensus rating of "Moderate Buy" and an average price target of $34.20.

Digi International Stock Up 2.7 %

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 stock has a market cap of $1.21 billion, a P/E ratio of 71.98, a P/E/G ratio of 1.08 and a beta of 1.06. The stock's fifty day simple moving average is $28.75 and its 200-day simple moving average is $26.68.

Institutional Trading of Digi International

A number of institutional investors have recently bought and sold shares of DGII. Geneva Capital Management LLC boosted its holdings in Digi International by 5.0% in the 3rd quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company's stock valued at $45,560,000 after purchasing an additional 79,313 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Digi International by 216.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 91,197 shares of the technology company's stock worth $2,091,000 after acquiring an additional 62,402 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Digi International by 1,814.0% during the 1st quarter. Russell Investments Group Ltd. now owns 57,764 shares of the technology company's stock worth $1,844,000 after acquiring an additional 54,746 shares during the period. Summit Creek Advisors LLC lifted its holdings in shares of Digi International by 13.9% during the 1st quarter. Summit Creek Advisors LLC now owns 338,827 shares of the technology company's stock worth $10,819,000 after acquiring an additional 41,392 shares during the period. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Digi International during the 2nd quarter worth approximately $498,000. 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.