Digi International Inc. (NASDAQ:DGII - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.12 and traded as high as $34.90. Digi International shares last traded at $34.50, with a volume of 143,647 shares changing hands.
Wall Street Analyst Weigh In
DGII has been the topic of a number of analyst reports. StockNews.com raised Digi International from a "buy" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Stephens reaffirmed an "overweight" rating and set a $45.00 price objective on shares of Digi International in a research note on Thursday, February 6th. Craig Hallum reaffirmed a "hold" rating and set a $32.00 price objective (up previously from $28.00) on shares of Digi International in a research note on Thursday, November 14th. Finally, Piper Sandler increased their price objective on Digi International from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Digi International currently has an average rating of "Moderate Buy" and a consensus price target of $36.75.
Check Out Our Latest Analysis on Digi International
Digi International Price Performance
The company has a 50-day moving average of $31.64 and a two-hundred day moving average of $30.26. The stock has a market capitalization of $1.24 billion, a PE ratio of 35.06, a P/E/G ratio of 1.22 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.06.
Digi International (NASDAQ:DGII - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.07). Digi International had a return on equity of 11.16% and a net margin of 8.45%. Sell-side analysts predict that Digi International Inc. will post 1.68 EPS for the current fiscal year.
Insider Buying and Selling
In other news, VP Terrence G. Schneider sold 2,808 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $33.06, for a total value of $92,832.48. Following the transaction, the vice president now directly owns 39,002 shares in the company, valued at $1,289,406.12. This trade represents a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Digi International
A number of large investors have recently modified their holdings of DGII. Geneva Capital Management LLC raised its holdings in shares of Digi International by 5.0% during 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 buying an additional 79,313 shares during the period. Geode Capital Management LLC grew its stake in Digi International by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company's stock valued at $24,074,000 after purchasing an additional 11,239 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Digi International by 8.8% in the 4th quarter. Ameriprise Financial Inc. now owns 359,893 shares of the technology company's stock worth $10,880,000 after acquiring an additional 29,026 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Digi International in the 4th quarter worth approximately $1,400,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Digi International by 16.3% in the 4th quarter. BNP Paribas Financial Markets now owns 28,054 shares of the technology company's stock worth $848,000 after purchasing an additional 3,925 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
About Digi International
(
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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