Stephens Reaffirms Overweight Rating for Digi International (NASDAQ:DGII)

Digi International (NASDAQ:DGII - Get Free Report)'s stock had its "overweight" rating reissued by investment analysts at Stephens in a report released on Thursday,Benzinga reports. They currently have a $45.00 price target on the technology company's stock. Stephens' target price points to a potential upside of 26.26% from the stock's current price.

Other equities analysts have also issued reports about the company. Piper Sandler boosted their target price on Digi International from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Craig Hallum reaffirmed a "hold" rating and set a $32.00 price target (up from $28.00) on shares of Digi International in a research report on Thursday, November 14th. Finally, StockNews.com raised shares of Digi International from a "buy" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.75.

Digi International Trading Up 1.5 %

Digi International stock traded up $0.53 during trading on Thursday, reaching $35.64. The company had a trading volume of 328,647 shares, compared to its average volume of 236,860. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.61. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 1.27 and a beta of 1.06. Digi International has a 12-month low of $20.17 and a 12-month high of $37.06. The stock's 50 day moving average price is $31.33 and its two-hundred day moving average price is $29.76.

Digi International (NASDAQ:DGII - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.43 EPS 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 expect that Digi International will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Satbir Khanuja sold 7,000 shares of Digi International stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $31.76, for a total transaction of $222,320.00. Following the sale, the director now directly owns 83,255 shares of the company's stock, valued at approximately $2,644,178.80. The trade was a 7.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Terrence G. Schneider sold 2,808 shares of the business'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 completion of the transaction, the vice president now owns 39,002 shares in the company, valued at approximately $1,289,406.12. This trade represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,329 shares of company stock valued at $332,361. Corporate insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On Digi International

Institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. grew its position in shares of Digi International by 110.2% during the fourth quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company's stock worth $300,000 after buying an additional 5,207 shares in the last quarter. SG Americas Securities LLC boosted its stake in Digi International by 108.0% during the 3rd quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company's stock valued at $466,000 after acquiring an additional 8,788 shares during the last quarter. Captrust Financial Advisors boosted its stake in Digi International by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company's stock valued at $560,000 after acquiring an additional 2,418 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Digi International by 51.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company's stock worth $664,000 after acquiring an additional 8,235 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 11,239 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

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.