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.

Wall Street Analysts Forecast Growth

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

Digi International Stock Performance

Shares of DGII opened at $33.84 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.79 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $26.71 and a two-hundred day simple moving average of $22.84. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 94.00, a PEG ratio of 1.49 and a beta of 1.41. Digi International has a 52 week low of $18.54 and a 52 week high of $35.71.

Digi International (NASDAQ:DGII - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The technology company reported $0.45 earnings per share for the quarter, topping 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 firm had revenue of $104.00 million during the quarter, compared to analyst estimates of $96.12 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The business's quarterly revenue was up 31.5% compared to the same quarter last year. On average, analysts expect that Digi International will post 1.34 EPS for the current year.

Insider Buying and Selling at Digi International

In other Digi International news, VP Tracy L. Roberts sold 11,250 shares of Digi International 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 completion of the sale, the vice president now owns 53,957 shares of the company's stock, valued at approximately $1,373,745.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP David H. Sampsell sold 18,683 shares of the company's stock in a transaction that occurred 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 directly owns 72,726 shares in the company, valued at $2,386,867.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Tracy L. Roberts sold 11,250 shares of the business'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 sale, the vice president now directly owns 53,957 shares in the company, valued at approximately $1,373,745.22. The disclosure for this sale can be found here. Insiders own 3.80% of the company's stock.