Digi International’s (DGII) “Overweight” Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of Digi International (NASDAQ:DGII) in a report issued on Tuesday morning,Benzinga reports. Stephens currently has a $50.00 price objective on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen upgraded Digi International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 20th. B. Riley raised their price objective on Digi International from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Piper Sandler raised their price objective on Digi International from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Digi International in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.75.

Digi International Trading Down 1.4%

NASDAQ DGII opened at $32.92 on Tuesday. The stock’s 50-day simple moving average is $33.62 and its two-hundred day simple moving average is $31.45. Digi International has a twelve month low of $22.39 and a twelve month high of $37.06. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.15 and a beta of 0.89.

Digi International (NASDAQ:DGII) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The business had revenue of $107.51 million for the quarter, compared to the consensus estimate of $106.23 million. During the same quarter last year, the business posted $0.50 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts forecast that Digi International will post 1.68 EPS for the current fiscal year.

Institutional Trading of Digi International

Several large investors have recently modified their holdings of DGII. Sterling Capital Management LLC grew its stake in shares of Digi International by 868.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,143 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,025 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Digi International by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 21,655 shares of the technology company’s stock worth $655,000 after purchasing an additional 1,451 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Digi International by 8.8% in the fourth quarter. Ameriprise Financial Inc. now owns 359,893 shares of the technology company’s stock worth $10,880,000 after purchasing an additional 29,026 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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 purchasing an additional 3,925 shares during the last quarter. Finally, Bearing Point Capital LLC bought a new stake in shares of Digi International in the fourth quarter worth about $212,000. 95.90% of the stock is owned by institutional investors.

Digi International Company Profile

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.