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.

Digi International Stock Down 1.0 %

Shares of NASDAQ:DGII traded down $0.34 during mid-day trading on Wednesday, hitting $33.63. The company had a trading volume of 1,743 shares, compared to its average volume of 348,101. The company has a market capitalization of $1.18 billion, a PE ratio of 94.36, a price-to-earnings-growth ratio of 1.52 and a beta of 1.41. 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 has a 1-year low of $18.54 and a 1-year high of $35.71. The business's 50-day simple moving average is $26.53 and its 200 day simple moving average is $22.76.

Digi International (NASDAQ:DGII - Get Rating) last posted its earnings results on Thursday, August 4th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.33 by $0.12. The firm had revenue of $104.00 million for the quarter, compared to analyst estimates of $96.12 million. Digi International had a return on equity of 6.82% and a net margin of 3.53%. Digi International's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, analysts predict that Digi International will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler increased their price objective on Digi International from $30.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, August 5th. Canaccord Genuity Group increased their price objective on Digi International from $30.00 to $41.00 and gave the stock a "buy" rating in a research report on Friday, August 5th. Stephens initiated coverage on Digi International in a research note on Wednesday, June 1st. They set an "overweight" rating and a $36.00 price target on the stock. Craig Hallum upped their price target on Digi International to $40.00 in a research note on Tuesday, August 9th. Finally, Canaccord Genuity Group upped their price target on Digi International from $30.00 to $41.00 in a research note on Monday, August 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $37.71.

Insider Activity at Digi International

In related news, VP David H. Sampsell sold 18,683 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $32.82, for a total value of $613,176.06. Following the transaction, the vice president now owns 72,726 shares of the company's stock, valued at $2,386,867.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Digi International news, VP Tracy L. Roberts sold 11,250 shares of the firm's stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $25.46, for a total transaction of $286,425.00. Following the transaction, the vice president now owns 53,957 shares of the company's stock, valued at $1,373,745.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David H. Sampsell sold 18,683 shares of the firm's stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $32.82, for a total value of $613,176.06. Following the transaction, the vice president now directly owns 72,726 shares in the company, valued at approximately $2,386,867.32. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.