Brokerages Set Digi International Inc. (NASDAQ:DGII) PT at $36.33

Shares of Digi International Inc. (NASDAQ:DGII) have been given a consensus rating of “Buy” by the four brokerages that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is $36.33.

Separately, Stephens increased their price objective on shares of Digi International from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, February 5th.

Institutional Investors Weigh In On Digi International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneva Capital Management LLC grew its position in Digi International by 50.0% in the fourth quarter. Geneva Capital Management LLC now owns 1,396,042 shares of the technology company’s stock valued at $36,297,000 after purchasing an additional 465,382 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Digi International by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 707,057 shares of the technology company’s stock valued at $27,851,000 after buying an additional 18,997 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Digi International by 44.4% during the 3rd quarter. New York State Common Retirement Fund now owns 676,652 shares of the technology company’s stock valued at $18,270,000 after purchasing an additional 208,204 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Digi International by 36.1% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 527,007 shares of the technology company’s stock valued at $14,229,000 after purchasing an additional 139,720 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Digi International by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 375,261 shares of the technology company’s stock valued at $12,972,000 after purchasing an additional 4,039 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Digi International Price Performance

Shares of Digi International stock opened at $29.31 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 68.16, a P/E/G ratio of 0.98 and a beta of 1.21. Digi International has a 1-year low of $21.25 and a 1-year high of $42.95. The firm’s 50-day moving average price is $30.26 and its two-hundred day moving average price is $26.84.

Digi International (NASDAQ:DGII) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. Digi International had a net margin of 3.61% and a return on equity of 11.87%. The business had revenue of $106.09 million for the quarter, compared to analysts’ expectations of $105.75 million. On average, equities analysts predict that Digi International will post 1.8 earnings per share for the current fiscal year.

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.