StockNews.com lowered shares of Digi International (NASDAQ:DGII - Free Report) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.
A number of other equities analysts also recently commented on the company. Stephens reissued an "overweight" rating and set a $45.00 price objective on shares of Digi International in a research report on Thursday, February 6th. Piper Sandler decreased their price target on shares of Digi International from $32.00 to $26.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Digi International presently has an average rating of "Moderate Buy" and an average price target of $35.25.
Read Our Latest Stock Report on Digi International
Digi International Stock Up 2.7 %
DGII traded up $0.68 during trading hours on Tuesday, hitting $25.83. 235,064 shares of the company's stock were exchanged, compared to its average volume of 214,489. The firm has a market cap of $953.10 million, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Digi International has a 12-month low of $20.17 and a 12-month high of $37.07. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $29.92 and a 200 day moving average of $30.54.
Digi International (NASDAQ:DGII - Get Free Report) last posted 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 11.16% and a net margin of 8.45%. Analysts predict that Digi International will post 1.68 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in DGII. Geode Capital Management LLC boosted its holdings in Digi International by 1.3% in the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company's stock valued at $24,074,000 after purchasing an additional 11,239 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Digi International by 8.8% in the 4th quarter. Ameriprise Financial Inc. now owns 359,893 shares of the technology company's stock valued at $10,880,000 after buying an additional 29,026 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Digi International in the 4th quarter valued at $1,400,000. GAMMA Investing LLC grew 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 valued at $783,000 after buying an additional 27,040 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in 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. Hedge funds and other institutional investors own 95.90% of the company's stock.
About Digi International
(
Get Free Report)
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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