Digi International (NASDAQ:DGII) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Digi International has received a "hold (c)" rating from Weiss Ratings, while other analysts like B. Riley and Roth Capital have issued "buy" ratings with price targets ranging from $33.00 to $50.00.
• The company's stock price fluctuated to $38.82 on Friday, with an average target price of $38.75 and a moderate buy rating.
• Digi International reported Q3 earnings with an EPS of $0.53, surpassing estimates, and year-over-year revenue growth of 2.2%.

Digi International (NASDAQ:DGII - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on the stock. B. Riley boosted their price objective on shares of Digi International from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Roth Capital reissued a "buy" rating on shares of Digi International in a research report on Thursday, August 7th. Stephens reissued an "overweight" rating and set a $50.00 price objective on shares of Digi International in a research report on Tuesday, August 19th. Finally, Piper Sandler boosted their price objective on shares of Digi International from $30.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.75.

Digi International Stock Performance

NASDAQ:DGII traded down $0.33 during trading hours on Friday, reaching $38.82. The company had a trading volume of 69,420 shares, compared to its average volume of 153,205. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.06. Digi International has a 52 week low of $22.39 and a 52 week high of $39.62. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 1.26 and a beta of 0.95. The firm's 50 day moving average price is $36.05 and its 200-day moving average price is $33.30.

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

Institutional Trading of Digi International

Several hedge funds have recently bought and sold shares of DGII. Lazard Asset Management LLC lifted its stake in Digi International by 25.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company's stock worth $58,000 after purchasing an additional 339 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Digi International by 67.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company's stock valued at $59,000 after buying an additional 685 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Digi International by 5,263.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,038 shares of the technology company's stock valued at $71,000 after buying an additional 2,000 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Digi International during the 2nd quarter valued at about $196,000. Finally, KLP Kapitalforvaltning AS raised its position in shares of Digi International by 20.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,800 shares of the technology company's stock valued at $272,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

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.

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