Digi International Inc. (NASDAQ:DGII) Receives $18.86 Average PT from Brokerages

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Digi International Inc. (NASDAQ:DGII) has earned an average rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.86.

A number of brokerages recently weighed in on DGII. Zacks Investment Research downgraded shares of Digi International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 7th. Lake Street Capital reaffirmed a “market perform” rating and issued a $18.00 target price on shares of Digi International in a research note on Friday, August 14th. BidaskClub raised shares of Digi International from a “sell” rating to a “hold” rating in a research note on Thursday, October 1st. Roth Capital reaffirmed a “buy” rating and issued a $20.00 target price on shares of Digi International in a research note on Friday, August 14th. Finally, Craig Hallum reaffirmed a “market perform” rating and issued a $19.00 target price on shares of Digi International in a research note on Friday, August 14th.

In other Digi International news, VP Tracy L. Roberts sold 24,145 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $14.33, for a total transaction of $345,997.85. Following the transaction, the vice president now directly owns 67,564 shares in the company, valued at $968,192.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Tracy L. Roberts sold 5,253 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $13.75, for a total transaction of $72,228.75. Following the transaction, the vice president now owns 44,321 shares in the company, valued at $609,413.75. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of DGII. US Bancorp DE grew its holdings in shares of Digi International by 282.1% in the first quarter. US Bancorp DE now owns 9,052 shares of the technology company’s stock worth $86,000 after purchasing an additional 6,683 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Digi International by 15.6% in the first quarter. BNP Paribas Arbitrage SA now owns 11,191 shares of the technology company’s stock worth $107,000 after purchasing an additional 1,507 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Digi International by 2.5% in the first quarter. Geode Capital Management LLC now owns 452,257 shares of the technology company’s stock worth $4,314,000 after purchasing an additional 10,902 shares during the last quarter. Impax Asset Management Group plc bought a new position in shares of Digi International in the first quarter worth approximately $1,908,000. Finally, Stonebridge Capital Advisors LLC bought a new position in shares of Digi International in the first quarter worth approximately $28,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Shares of Digi International stock traded down $0.26 on Friday, reaching $16.72. The stock had a trading volume of 120,518 shares, compared to its average volume of 211,735. Digi International has a 1 year low of $6.18 and a 1 year high of $18.99. The company has a market cap of $485.48 million, a P/E ratio of 76.00, a price-to-earnings-growth ratio of 3.02 and a beta of 1.81. The company has a current ratio of 3.31, a quick ratio of 2.38 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $14.99 and its two-hundred day moving average is $12.18.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. Digi International had a net margin of 2.31% and a return on equity of 3.41%. The firm had revenue of $70.34 million for the quarter, compared to the consensus estimate of $68.55 million. On average, equities analysts anticipate that Digi International will post 0.22 EPS for the current fiscal year.

About Digi International

Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.

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Analyst Recommendations for Digi International (NASDAQ:DGII)

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