Digi International Inc. (NASDAQ:DGII - Get Free Report) VP Terrence G. Schneider sold 521 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $33.03, for a total transaction of $17,208.63. Following the transaction, the vice president now directly owns 35,536 shares in the company, valued at $1,173,754.08. The trade was a 1.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Digi International Stock Up 1.7 %
Shares of DGII opened at $33.22 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.21. The company's fifty day moving average is $30.27 and its two-hundred day moving average is $27.12. Digi International Inc. has a fifty-two week low of $20.17 and a fifty-two week high of $34.44.
Digi International (NASDAQ:DGII - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.10. The firm had revenue of $105.05 million during the quarter, compared to the consensus estimate of $104.16 million. Digi International had a return on equity of 11.24% and a net margin of 5.31%. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. Analysts forecast that Digi International Inc. will post 1.68 earnings per share for the current year.
Analyst Upgrades and Downgrades
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Several research analysts have weighed in on DGII shares. Piper Sandler boosted their price target on Digi International from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Craig Hallum reiterated a "hold" rating and set a $32.00 target price (up from $28.00) on shares of Digi International in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $36.75.
Check Out Our Latest Stock Analysis on DGII
Institutional Trading of Digi International
Institutional investors and hedge funds have recently bought and sold shares of the business. Verity Asset Management Inc. acquired a new position in Digi International during the first quarter valued at approximately $269,000. Harbor Capital Advisors Inc. raised its stake in shares of Digi International by 216.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 91,197 shares of the technology company's stock valued at $2,091,000 after acquiring an additional 62,402 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Digi International by 92.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company's stock valued at $187,000 after acquiring an additional 3,911 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Digi International by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 312,765 shares of the technology company's stock worth $7,172,000 after purchasing an additional 6,534 shares during the period. Finally, Rhumbline Advisers increased its holdings in Digi International by 6.7% in the 2nd quarter. Rhumbline Advisers now owns 114,584 shares of the technology company's stock valued at $2,627,000 after purchasing an additional 7,208 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.
About Digi International
(
Get Free Report)
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.
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