Digi International Inc. (NASDAQ:DGII) VP Sells $17,208.63 in Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider sold 521 shares of the business’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 completion of the sale, the vice president now directly owns 35,536 shares in the company, valued at $1,173,754.08. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Digi International Stock Up 1.7 %

Shares of DGII stock traded up $0.55 during trading on Friday, reaching $33.22. The company’s stock had a trading volume of 142,908 shares, compared to its average volume of 196,788. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.73 and a quick ratio of 1.13. Digi International Inc. has a 1-year low of $20.17 and a 1-year high of $34.44. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 54.46, a P/E/G ratio of 1.14 and a beta of 1.06. The stock’s 50-day moving average price is $30.27 and its 200 day moving average price is $27.12.

Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. Digi International had a net margin of 5.31% and a return on equity of 11.24%. The company had revenue of $105.05 million during the quarter, compared to analysts’ expectations of $104.16 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Digi International Inc. will post 1.68 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DGII. Piper Sandler lifted their price objective on shares of Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Craig Hallum restated a “hold” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Digi International in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its holdings in Digi International by 216.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 91,197 shares of the technology company’s stock worth $2,091,000 after acquiring an additional 62,402 shares in the last quarter. Geneva Capital Management LLC lifted its position in shares of Digi International by 5.0% during the 3rd quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company’s stock worth $45,560,000 after buying an additional 79,313 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in shares of Digi International during the 2nd quarter worth approximately $498,000. SG Americas Securities LLC lifted its position in shares of Digi International by 108.0% during the 3rd quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company’s stock worth $466,000 after buying an additional 8,788 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of 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 buying an additional 6,534 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.