Brokerages Set Digi International Inc. (NASDAQ:DGII) PT at $34.20

Digi International Inc. (NASDAQ:DGII) has received a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $34.20.

Several equities research analysts have commented on DGII shares. Roth Mkm lowered their price objective on Digi International from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Piper Sandler decreased their target price on shares of Digi International from $27.00 to $26.00 and set a “neutral” 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, Craig Hallum cut their price objective on shares of Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

Digi International Trading Up 0.3 %

NASDAQ DGII opened at $29.26 on Friday. Digi International has a 1 year low of $20.17 and a 1 year high of $33.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.05 and a quick ratio of 1.28. The company has a market capitalization of $1.06 billion, a PE ratio of 77.00, a P/E/G ratio of 0.87 and a beta of 1.07. The company has a fifty day moving average of $24.58 and a 200 day moving average of $27.23.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The business had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $105.60 million. Digi International had a return on equity of 11.61% and a net margin of 3.20%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. Research analysts forecast that Digi International will post 1.7 earnings per share for the current year.

Institutional Investors Weigh In On Digi International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Digi International by 687.7% in the first quarter. GAMMA Investing LLC now owns 961 shares of the technology company’s stock valued at $31,000 after purchasing an additional 839 shares during the period. YHB Investment Advisors Inc. purchased a new position in Digi International in the 1st quarter valued at about $33,000. NBC Securities Inc. acquired a new stake in Digi International in the 1st quarter worth about $78,000. Central Pacific Bank Trust Division purchased a new stake in Digi International during the 1st quarter worth approximately $139,000. Finally, SG Americas Securities LLC raised its holdings in shares of Digi International by 92.5% during the second 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 last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

About Digi International

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.