Digi International Inc. (NASDAQ:DGII) Receives $37.50 Average PT from Analysts

Key Points

• Digi International Inc. has received a consensus rating of "Moderate Buy" from analysts, with two hold ratings and three buy ratings.
• The average one-year price objective for Digi International's stock is $37.50, with various recent reports adjusting price targets upward.
• The company's quarterly earnings exceeded expectations, reporting $0.53 EPS on revenue of $107.51 million, indicating a 2.2% increase year-over-year.

Shares of Digi International Inc. (NASDAQ:DGII - Get Free Report) have received an average rating of "Moderate Buy" from the five ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $37.50.

A number of analysts have commented on DGII shares. Piper Sandler set a $33.00 price objective on shares of Digi International and gave the company a "neutral" rating in a report on Thursday. B. Riley boosted their price objective on shares of Digi International from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday. Roth Capital reissued a "buy" rating on shares of Digi International in a research note on Thursday. Finally, Wall Street Zen raised shares of Digi International from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 20th.

Digi International Stock Up 0.9%

DGII stock traded up $0.29 on Thursday, reaching $32.14. 15,449 shares of the company traded hands, compared to its average volume of 192,974. The company has a market cap of $1.19 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.89. Digi International has a one year low of $22.39 and a one year high of $37.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a fifty day simple moving average of $33.69 and a 200-day simple moving average of $31.30.

Digi International (NASDAQ:DGII - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. The business had revenue of $107.51 million for the quarter, compared to analysts' expectations of $106.23 million. Digi International had a return on equity of 10.96% and a net margin of 10.14%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. Research analysts anticipate that Digi International will post 1.68 earnings per share for the current year.

Institutional Trading of Digi International

Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its holdings in shares of Digi International by 8.8% in the fourth quarter. Ameriprise Financial Inc. now owns 359,893 shares of the technology company's stock worth $10,880,000 after buying an additional 29,026 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Digi International by 2,467.2% in the 1st quarter. GAMMA Investing LLC now owns 28,136 shares of the technology company's stock worth $783,000 after purchasing an additional 27,040 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Digi International during the 4th quarter valued at about $45,000. Pacer Advisors Inc. boosted its stake in Digi International by 2,297.0% in the 1st quarter. Pacer Advisors Inc. now owns 238,019 shares of the technology company's stock worth $6,624,000 after purchasing an additional 228,089 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Digi International by 16.3% during the 4th quarter. BNP Paribas Financial Markets now owns 28,054 shares of the technology company's stock worth $848,000 after acquiring an additional 3,925 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

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.