Digi International (NASDAQ:DGII - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Friday.
Other equities analysts also recently issued reports about the company. Piper Sandler cut their price objective on Digi International from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Stephens restated an "overweight" rating and issued a $45.00 price target on shares of Digi International in a report on Thursday, February 6th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $35.25.
Get Our Latest Research Report on DGII
Digi International Trading Up 2.5 %
NASDAQ DGII opened at $27.51 on Friday. The company has a 50-day moving average of $28.48 and a 200-day moving average of $30.39. 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 has a 12 month low of $20.17 and a 12 month high of $37.07. The company has a market cap of $1.02 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.23 and a beta of 0.88.
Digi International (NASDAQ:DGII - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). Digi International had a return on equity of 11.16% and a net margin of 8.45%. As a group, equities analysts predict that Digi International will post 1.68 earnings per share for the current year.
Institutional Investors Weigh In On Digi International
A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Digi International by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company's stock worth $24,074,000 after acquiring an additional 11,239 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Digi International by 110.2% in the fourth quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company's stock valued at $300,000 after purchasing an additional 5,207 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Digi International during the 4th quarter valued at $196,000. New Age Alpha Advisors LLC purchased a new stake in Digi International during the 4th quarter worth $1,400,000. Finally, Sterling Capital Management LLC lifted its holdings in Digi International by 868.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,143 shares of the technology company's stock worth $35,000 after buying an additional 1,025 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.
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.
Further Reading
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