StockNews.com Upgrades Digi International (NASDAQ:DGII) to "Strong-Buy"

Digi International (NASDAQ:DGII - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Wednesday.

Several other equities analysts have also commented on the stock. Stephens reaffirmed an "overweight" rating and set a $45.00 price target on shares of Digi International in a research report on Thursday, February 6th. Piper Sandler dropped their price objective on Digi International from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $35.25.

Digi International Trading Down 0.6 %

DGII stock traded down $0.17 during midday trading on Wednesday, hitting $26.30. The stock had a trading volume of 200,773 shares, compared to its average volume of 215,031. The company's 50-day moving average price is $29.11 and its 200 day moving average price is $30.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.06. The firm has a market cap of $970.44 million, a PE ratio of 27.40, 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.

Digi International (NASDAQ:DGII - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). Digi International had a net margin of 8.45% and a return on equity of 11.16%. On average, equities research analysts predict that Digi International will post 1.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Digi International

Several institutional investors have recently bought and sold shares of DGII. GAMMA Investing LLC raised its stake 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 acquiring an additional 27,040 shares during the period. Lazard Asset Management LLC purchased a new position in Digi International in the fourth quarter valued at about $45,000. Captrust Financial Advisors raised its position in Digi International by 6.3% in the fourth quarter. Captrust Financial Advisors now owns 21,629 shares of the technology company's stock valued at $654,000 after purchasing an additional 1,291 shares during the period. Bearing Point Capital LLC acquired a new position in shares of Digi International during the fourth quarter worth about $212,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Digi International by 16.3% in the fourth quarter. BNP Paribas Financial Markets now owns 28,054 shares of the technology company's stock worth $848,000 after buying an additional 3,925 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.