Analysts Set Digi International Inc. (NASDAQ:DGII) Price Target at $34.20

Shares of Digi International Inc. (NASDAQ:DGII - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $34.20.

DGII has been the subject of several analyst reports. 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 report on Thursday, August 8th. Craig Hallum decreased their price objective on shares of Digi International from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, August 8th.

Digi International Stock Up 0.3 %

Shares of DGII stock traded up $0.08 during trading on Friday, reaching $29.05. The company's stock had a trading volume of 107,349 shares, compared to its average volume of 191,881. Digi International has a 1-year low of $20.17 and a 1-year high of $32.90. The stock's 50-day moving average price is $28.56 and its 200 day moving average price is $26.70. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 63.15, a P/E/G ratio of 0.99 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.31.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new position in Digi International during the 1st quarter worth approximately $139,000. SG Americas Securities LLC increased its holdings in shares of Digi International by 92.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company's stock valued at $187,000 after acquiring an additional 3,911 shares during the period. Verity Asset Management Inc. purchased a new stake in Digi International in the 1st quarter valued at $269,000. Cornercap Investment Counsel Inc. acquired a new stake in Digi International during the 2nd quarter worth $498,000. Finally, BNP Paribas Financial Markets grew its position in Digi International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 29,940 shares of the technology company's stock worth $956,000 after purchasing an additional 10,317 shares during the last quarter. 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.