Digi International Inc. (NASDAQ:DGII) Receives $36.33 Consensus Price Target from Analysts

Shares of Digi International Inc. (NASDAQ:DGII) have been given a consensus rating of “Buy” by the four analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $36.33.

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

Institutional Trading of Digi International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ulland Investment Advisors LLC boosted its stake in Digi International by 31.9% during the 3rd quarter. Ulland Investment Advisors LLC now owns 56,461 shares of the technology company’s stock worth $1,524,000 after purchasing an additional 13,657 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Digi International during the third quarter worth about $404,000. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Digi International by 36.1% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 527,007 shares of the technology company’s stock worth $14,229,000 after buying an additional 139,720 shares during the last quarter. Summit Creek Advisors LLC acquired a new position in Digi International in the 3rd quarter valued at about $6,892,000. Finally, New York State Common Retirement Fund raised its stake in Digi International by 44.4% during the 3rd quarter. New York State Common Retirement Fund now owns 676,652 shares of the technology company’s stock valued at $18,270,000 after acquiring an additional 208,204 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Digi International Stock Performance

Shares of DGII stock opened at $30.16 on Monday. The company has a market cap of $1.09 billion, a P/E ratio of 70.14, a PEG ratio of 0.99 and a beta of 1.21. The firm has a fifty day moving average price of $30.22 and a 200 day moving average price of $26.79. 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.

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

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.