Digi International (NASDAQ:DGII) Reaches New 1-Year High - Time to Buy?

Key Points

• Digi International's stock reached a new **52-week high** at $38.98, closing at $38.73, indicating strong investor interest.
• Recent analyst reports have increased price targets for Digi International, with **B. Riley** raising theirs to **$40.00** and **Stephens** projecting a target of **$50.00**.
• The company reported **$0.53 EPS** for the last quarter, surpassing analysts' estimates, with a revenue increase of **2.2% year-over-year**.

Digi International Inc. (NASDAQ:DGII - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $38.98 and last traded at $38.73, with a volume of 12740 shares. The stock had previously closed at $37.91.

Analysts Set New Price Targets

DGII has been the subject of several recent research reports. Piper Sandler boosted their price target on shares of Digi International from $30.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Roth Capital reaffirmed a "buy" rating on shares of Digi International in a report on Thursday, August 7th. B. Riley increased their target price 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Digi International in a research note on Wednesday, October 8th. Finally, Stephens reiterated an "overweight" rating and issued a $50.00 price target on shares of Digi International in a research note on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.75.

Digi International Stock Up 3.4%

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's fifty day moving average is $35.49 and its two-hundred day moving average is $32.91. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 34.38, a P/E/G ratio of 1.22 and a beta of 0.95.

Digi International (NASDAQ:DGII - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.96% and a net margin of 10.14%.The firm had revenue of $107.51 million for the quarter, compared to the consensus estimate of $106.23 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The firm's revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts expect that Digi International Inc. will post 1.68 EPS for the current fiscal year.

Institutional Trading of Digi International

A number of institutional investors have recently modified their holdings of DGII. Lazard Asset Management LLC increased its stake in shares of Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company's stock valued at $58,000 after buying an additional 339 shares during the period. GAMMA Investing LLC grew its position in shares of Digi International by 67.8% in the second quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company's stock valued at $59,000 after purchasing an additional 685 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Digi International by 5,263.2% during the second 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 during the period. SG Americas Securities LLC purchased a new position in shares of Digi International in the 2nd quarter worth about $196,000. Finally, KLP Kapitalforvaltning AS lifted its stake in shares of Digi International by 20.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,800 shares of the technology company's stock valued at $272,000 after acquiring an additional 1,300 shares during the last quarter. 95.90% of the stock is currently owned by 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.

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