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

Shares of Digi International Inc. (NASDAQ:DGII) have earned an average rating of “Buy” from the four brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $36.33.

Separately, Stephens upped their price objective on shares of Digi International from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, February 5th.

Digi International Trading Down 1.4 %

Shares of DGII opened at $30.91 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 0.36. Digi International has a 12-month low of $21.25 and a 12-month high of $42.95. The firm has a 50-day moving average price of $30.15 and a 200 day moving average price of $26.75. The firm has a market capitalization of $1.12 billion, a P/E ratio of 71.88, a P/E/G ratio of 1.01 and a beta of 1.21.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Digi International had a net margin of 3.61% and a return on equity of 11.87%. The firm had revenue of $106.09 million during the quarter, compared to analyst estimates of $105.75 million. Sell-side analysts forecast that Digi International will post 1.8 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DGII. GAMMA Investing LLC lifted its position in shares of Digi International by 687.7% during the first quarter. GAMMA Investing LLC now owns 961 shares of the technology company’s stock worth $31,000 after purchasing an additional 839 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Digi International by 76.8% during the third quarter. Quantbot Technologies LP now owns 1,752 shares of the technology company’s stock worth $47,000 after purchasing an additional 761 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Digi International during the first quarter worth about $78,000. Lazard Asset Management LLC raised its holdings in Digi International by 61.9% in the first quarter. Lazard Asset Management LLC now owns 4,350 shares of the technology company’s stock valued at $93,000 after acquiring an additional 1,663 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in Digi International by 41.6% in the third quarter. Ensign Peak Advisors Inc now owns 5,240 shares of the technology company’s stock valued at $181,000 after acquiring an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors 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.