Digi International Inc. (NASDAQ:DGII) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Digi International Inc. (NASDAQ:DGII) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $48.80.

A number of research firms recently weighed in on DGII. Wall Street Zen cut Digi International from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 10th. Craig Hallum upgraded Digi International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $45.00 in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Digi International in a research note on Wednesday, December 24th. Zacks Research cut shares of Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Piper Sandler boosted their price target on shares of Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, January 5th.

Insider Transactions at Digi International

In related news, VP Terrence G. Schneider sold 4,208 shares of Digi International stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $41.68, for a total value of $175,389.44. Following the sale, the vice president directly owned 24,756 shares in the company, valued at approximately $1,031,830.08. The trade was a 14.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David H. Sampsell sold 8,748 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $41.52, for a total value of $363,216.96. Following the transaction, the vice president directly owned 31,757,255 shares of the company’s stock, valued at $1,318,561,227.60. The trade was a 0.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 56,572 shares of company stock valued at $2,256,580 in the last three months. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Digi International

A number of institutional investors have recently made changes to their positions in DGII. Verity Asset Management Inc. acquired a new position in Digi International in the 3rd quarter valued at $464,000. Millennium Management LLC purchased a new stake in shares of Digi International during the third quarter worth $292,000. California State Teachers Retirement System raised its position in shares of Digi International by 9.9% in the third quarter. California State Teachers Retirement System now owns 37,001 shares of the technology company’s stock valued at $1,349,000 after buying an additional 3,343 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Digi International by 3,880.3% in the third quarter. Brooklyn Investment Group now owns 5,652 shares of the technology company’s stock valued at $206,000 after buying an additional 5,510 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Digi International by 48.7% in the third quarter. BNP Paribas Financial Markets now owns 14,018 shares of the technology company’s stock worth $511,000 after buying an additional 4,594 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Digi International Stock Performance

Shares of NASDAQ DGII opened at $44.90 on Thursday. The company has a market capitalization of $1.69 billion, a PE ratio of 41.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.85 and a current ratio of 1.21. The company’s fifty day moving average price is $43.43 and its 200 day moving average price is $38.22. Digi International has a 1 year low of $22.39 and a 1 year high of $48.00.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Digi International had a net margin of 9.48% and a return on equity of 10.88%. The business had revenue of $114.34 million during the quarter, compared to the consensus estimate of $110.75 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. On average, research analysts predict that Digi International will post 1.68 earnings per share for the current year.

About Digi International

Digi International Inc is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi’s solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.