Digi International’s (DGII) Hold Rating Reiterated at Craig Hallum

Craig Hallum restated their hold rating on shares of Digi International (NASDAQ:DGII) in a research report report published on Thursday, MarketBeat reports. Craig Hallum currently has a $32.00 price target on the technology company’s stock, up from their previous price target of $28.00.

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

Digi International Stock Performance

Shares of NASDAQ DGII opened at $31.41 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.31. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 51.49, a P/E/G ratio of 1.07 and a beta of 1.06. The stock’s fifty day moving average price is $29.14 and its two-hundred day moving average price is $26.78. Digi International has a one year low of $20.17 and a one year high of $34.08.

Institutional Trading of Digi International

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in Digi International by 1,814.0% during the first quarter. Russell Investments Group Ltd. now owns 57,764 shares of the technology company’s stock worth $1,844,000 after purchasing an additional 54,746 shares during the period. Harbor Capital Advisors Inc. raised its position 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 buying an additional 62,402 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Digi International during the 2nd quarter worth approximately $498,000. Geneva Capital Management LLC boosted 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 acquiring an additional 79,313 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Digi International by 108.0% in the third quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company’s stock valued at $466,000 after acquiring an additional 8,788 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.