Digi International Inc. (NASDAQ:DGII) Receives Average Rating of "Moderate Buy" from Analysts

Digi International Inc. (NASDAQ:DGII - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $34.20.

Several analysts have weighed in on DGII shares. Craig Hallum lowered 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. StockNews.com upgraded shares of Digi International from a "hold" rating to a "buy" rating in a research report on Saturday, June 15th. Finally, Piper Sandler lowered their price target 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.

Digi International Stock Down 0.1 %

Shares of NASDAQ DGII traded down $0.03 during trading on Monday, reaching $29.35. 138,842 shares of the stock were exchanged, compared to its average volume of 198,121. The business's 50-day moving average price is $27.40 and its 200 day moving average price is $26.82. Digi International has a twelve month low of $20.17 and a twelve month high of $32.90. The company has a quick ratio of 1.31, a current ratio of 2.00 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 77.16, a price-to-earnings-growth ratio of 0.95 and a beta of 1.07.

Digi International (NASDAQ:DGII - Get Free Report) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.01. Digi International had a net margin of 3.94% and a return on equity of 11.32%. The business had revenue of $105.20 million for the quarter, compared to analysts' expectations of $105.60 million. During the same period in the previous year, the company posted $0.44 earnings per share. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Digi International will post 1.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Digi International

Several institutional investors have recently bought and sold shares of the stock. 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 valued at $53,887,000 after buying an additional 291,618 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Digi International by 216.7% during 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 in the last quarter. Russell Investments Group Ltd. lifted its stake in Digi International by 1,814.0% during the first quarter. Russell Investments Group Ltd. now owns 57,764 shares of the technology company's stock valued at $1,844,000 after buying an additional 54,746 shares in the last quarter. Summit Creek Advisors LLC lifted its stake in Digi International by 13.9% during 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 in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in shares of Digi International in the 2nd quarter valued at about $498,000. Institutional investors and hedge funds 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.