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

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

Several analysts recently commented on DGII shares. Craig Hallum dropped their price objective on Digi International from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Piper Sandler dropped their price target on Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com upgraded Digi International from a “hold” rating to a “buy” rating in a research report on Saturday, June 15th.

Institutional Investors Weigh In On Digi International

Several institutional investors have recently bought and sold shares of DGII. GAMMA Investing LLC raised its holdings 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 last quarter. YHB Investment Advisors Inc. acquired a new stake in Digi International in the 1st quarter valued at $33,000. NBC Securities Inc. acquired a new position in shares of Digi International during the 1st quarter worth about $78,000. Central Pacific Bank Trust Division bought a new position in shares of Digi International in the 1st quarter valued at about $139,000. Finally, SG Americas Securities LLC increased its position in shares of Digi International by 92.5% in 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. Institutional investors own 95.90% of the company’s stock.

Digi International Price Performance

Shares of DGII opened at $26.63 on Thursday. The stock has a market cap of $968.67 million, a P/E ratio of 70.08, a price-to-earnings-growth ratio of 0.91 and a beta of 1.07. Digi International has a 1 year low of $20.17 and a 1 year high of $32.90. The stock’s 50-day moving average price is $26.82 and its two-hundred day moving average price is $26.99. The company has a current ratio of 2.00, a quick ratio of 1.31 and a debt-to-equity ratio of 0.27.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. The business had revenue of $105.20 million for the quarter, compared to analyst estimates of $105.60 million. Digi International had a net margin of 3.94% and a return on equity of 11.32%. Digi International’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. On average, equities analysts predict that Digi International will post 1.67 earnings per share for the current year.

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.