Digi International (NASDAQ:DGII) Earns Hold Rating from Craig Hallum

Digi International (NASDAQ:DGII)‘s stock had its “hold” rating reissued by equities research analysts at Craig Hallum in a report issued on Thursday, MarketBeat reports. They currently have a $32.00 price target on the technology company’s stock, up from their prior price target of $28.00. Craig Hallum’s target price would suggest a potential upside of 1.88% from the stock’s previous close.

Separately, Piper Sandler lowered their price target on shares of Digi International from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

Digi International Stock Down 0.9 %

Shares of NASDAQ:DGII opened at $31.41 on Thursday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 51.49, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The company has a 50 day moving average of $29.05 and a two-hundred day moving average of $26.78. Digi International has a 52-week low of $20.17 and a 52-week high of $34.08. The company has a quick ratio of 1.31, a current ratio of 2.00 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On Digi International

A number of institutional investors have recently made changes to their positions in DGII. SG Americas Securities LLC boosted its stake 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 buying an additional 3,911 shares during the last quarter. Verity Asset Management Inc. acquired a new stake in Digi International in the first quarter valued at $269,000. Cornercap Investment Counsel Inc. bought a new position in Digi International during the 2nd quarter valued at $498,000. Captrust Financial Advisors grew its holdings in Digi International by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock worth $560,000 after acquiring an additional 2,418 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Digi International by 51.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after purchasing an additional 8,235 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

About Digi International

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.