Digi International (NASDAQ:DGII) Given Overweight Rating at Stephens

Stephens reiterated their overweight rating on shares of Digi International (NASDAQ:DGII) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $45.00 target price on the technology company’s stock.

A number of other research firms also recently weighed in on DGII. Craig Hallum reaffirmed a “hold” rating and set a $32.00 price target (up from $28.00) on shares of Digi International in a research note on Thursday, November 14th. StockNews.com raised Digi International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Piper Sandler lifted their price target on shares of Digi International from $26.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.75.

Digi International Stock Performance

Shares of NASDAQ DGII opened at $35.68 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.73 and a quick ratio of 1.13. The stock’s fifty day moving average price is $31.23 and its two-hundred day moving average price is $29.60. Digi International has a one year low of $20.17 and a one year high of $37.06. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 58.49, a P/E/G ratio of 1.11 and a beta of 1.06.

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

Insider Activity

In other Digi International news, VP Terrence G. Schneider sold 2,808 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $33.06, for a total value of $92,832.48. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Satbir Khanuja sold 7,000 shares of Digi International stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $31.76, for a total value of $222,320.00. Following the completion of the transaction, the director now owns 83,255 shares of the company’s stock, valued at approximately $2,644,178.80. This trade represents a 7.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,329 shares of company stock worth $332,361. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Digi International

Large investors have recently made changes to their positions in the business. Geneva Capital Management LLC raised its position in Digi International by 5.0% during the 3rd quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company’s stock worth $45,560,000 after buying an additional 79,313 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $24,074,000 after buying an additional 11,239 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Digi International by 51.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock valued at $664,000 after purchasing an additional 8,235 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Digi International by 13.5% in the third 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 in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Digi International by 108.0% in the 3rd quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company’s stock worth $466,000 after acquiring an additional 8,788 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

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.