Digi International (NASDAQ:DGII) Earns “Overweight” Rating from Stephens

Digi International (NASDAQ:DGII)‘s stock had its “overweight” rating reaffirmed by Stephens in a note issued to investors on Thursday,Benzinga reports. They currently have a $45.00 price objective on the technology company’s stock. Stephens’ target price points to a potential upside of 28.17% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Craig Hallum restated a “hold” rating and set a $32.00 price target (up previously from $28.00) on shares of Digi International in a report on Thursday, November 14th. StockNews.com raised shares of Digi International from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Piper Sandler upped their price target on shares of Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Digi International Price Performance

DGII stock opened at $35.11 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.13 and a current ratio of 1.73. The company’s fifty day moving average price is $31.29 and its 200-day moving average price is $29.64. Digi International has a one year low of $20.17 and a one year high of $37.06. The company has a market capitalization of $1.29 billion, a PE ratio of 57.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.07). Digi International had a return on equity of 11.24% and a net margin of 5.31%. On average, equities analysts anticipate that Digi International will post 1.65 EPS for the current fiscal year.

Insider Activity

In other news, Director Satbir Khanuja sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $31.76, for a total value of $222,320.00. Following the completion of the sale, the director now owns 83,255 shares in the company, valued at approximately $2,644,178.80. This trade represents a 7.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Terrence G. Schneider sold 2,808 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $33.06, for a total transaction of $92,832.48. Following the transaction, the vice president now owns 39,002 shares in the company, valued at $1,289,406.12. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,329 shares of company stock valued at $332,361 in the last ninety days. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Digi International

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its position in Digi International by 110.2% in the 4th quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company’s stock valued at $300,000 after acquiring an additional 5,207 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Digi International by 108.0% in the third quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company’s stock worth $466,000 after purchasing an additional 8,788 shares during the last quarter. Captrust Financial Advisors increased its stake in Digi International by 13.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock worth $560,000 after buying an additional 2,418 shares during the period. BNP Paribas Financial Markets lifted its holdings in Digi International by 51.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock valued at $664,000 after buying an additional 8,235 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Digi International by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock valued at $24,074,000 after buying an additional 11,239 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.