Roth Mkm Lowers Digi International (NASDAQ:DGII) Price Target to $38.00

Digi International (NASDAQ:DGII) had its price objective lowered by Roth Mkm from $40.00 to $38.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Roth Mkm’s price objective indicates a potential upside of 47.69% from the company’s current price.

DGII has been the topic of several other reports. Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 price objective (down from $40.00) on shares of Digi International in a report on Friday. Stephens upped their price target 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Digi International Stock Up 0.9 %

Shares of DGII stock opened at $25.73 on Friday. Digi International has a fifty-two week low of $21.25 and a fifty-two week high of $42.95. The firm has a market capitalization of $932.97 million, a PE ratio of 67.71, a P/E/G ratio of 0.84 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.39 and a current ratio of 2.05. The stock’s 50-day simple moving average is $30.17 and its 200-day simple moving average is $27.16.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Digi International had a return on equity of 11.61% and a net margin of 3.20%. The firm had revenue of $106.09 million for the quarter, compared to analyst estimates of $105.75 million. Equities analysts expect that Digi International will post 1.8 earnings per share for the current year.

Institutional Trading of Digi International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DGII. GAMMA Investing LLC boosted its stake in shares of Digi International by 687.7% during the 1st quarter. GAMMA Investing LLC now owns 961 shares of the technology company’s stock worth $31,000 after acquiring an additional 839 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in Digi International during the first quarter worth approximately $33,000. Quantbot Technologies LP grew its holdings in Digi International by 76.8% in the third quarter. Quantbot Technologies LP now owns 1,752 shares of the technology company’s stock valued at $47,000 after purchasing an additional 761 shares during the period. NBC Securities Inc. acquired a new stake in Digi International in the first quarter valued at approximately $78,000. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Digi International in the first quarter valued at approximately $139,000. Institutional investors and hedge funds 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.