Digi International - DGII Stock Forecast, Price & News

Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States 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. The company provides embedded system products under the Digi Connect, ConnectCore, and Rabbit brands; and infrastructure management products, comprising of serial servers, which offers serial port-to-Ethernet integration of devices into wired Ethernet networks; and universal serial bus solutions. In addition, it offers Digi Remote Manager, a recurring revenue cloud-based service that provides a secure environment for customers to manage their connected device deployment; Digi Wireless Design Services; and SmartSense by Digi for monitoring wirelessly the temperature of food and other perishable or sensitive goods, monitor facilities or pharmacies by tracking the completion of operating tasks by employees, as well as quality control and incident management for food service, healthcare, and transportation/logistics industries. Further, the company provides professional services, such as site planning, implementation management, application development, and customer training; data plan subscriptions; and enhanced technical support services. Digi International Inc. was incorporated in 1985 and is headquartered in Hopkins, Minnesota.

Analyst Upgrades and Downgrades

DGII has been the subject of several research reports. Piper Sandler increased their price objective on shares of Digi International from $30.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, August 5th. Canaccord Genuity Group increased their target price on Digi International from $30.00 to $41.00 in a research report on Monday, August 8th. Craig Hallum lifted their price target on shares of Digi International to $40.00 in a report on Tuesday. Canaccord Genuity Group raised their price target on shares of Digi International from $30.00 to $41.00 and gave the stock a "buy" rating in a report on Friday, August 5th. Finally, Stephens assumed coverage on shares of Digi International in a research note on Wednesday, June 1st. They issued an "overweight" rating and a $36.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $37.71.

Digi International Stock Up 1.7 %

Shares of Digi International stock traded up $0.56 during trading on Friday, reaching $33.92. 257,948 shares of the company traded hands, compared to its average volume of 332,556. The firm has a market capitalization of $1.19 billion, a PE ratio of 94.22, a P/E/G ratio of 1.51 and a beta of 1.41. Digi International has a 1-year low of $18.54 and a 1-year high of $35.71. The company has a 50 day moving average price of $26.17 and a 200-day moving average price of $22.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.79 and a quick ratio of 1.14.

Digi International (NASDAQ:DGII - Get Rating) last issued its earnings results on Thursday, August 4th. The technology company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.12. Digi International had a return on equity of 6.82% and a net margin of 3.53%. The business had revenue of $104.00 million during the quarter, compared to analyst estimates of $96.12 million. During the same period in the previous year, the company posted $0.09 EPS. The firm's revenue was up 31.5% compared to the same quarter last year. As a group, equities research analysts expect that Digi International will post 1.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Tracy L. Roberts sold 11,250 shares of the company's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $25.46, for a total transaction of $286,425.00. Following the completion of the sale, the vice president now owns 53,957 shares in the company, valued at $1,373,745.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Digi International news, VP David H. Sampsell sold 18,683 shares of Digi International stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $32.82, for a total transaction of $613,176.06. Following the transaction, the vice president now owns 72,726 shares of the company's stock, valued at approximately $2,386,867.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Tracy L. Roberts sold 11,250 shares of the company's stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $25.46, for a total value of $286,425.00. Following the completion of the transaction, the vice president now directly owns 53,957 shares of the company's stock, valued at $1,373,745.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,564 shares of company stock worth $1,172,936. Insiders own 3.80% of the company's stock.