Digi International (NASDAQ:DGII) Given Hold Rating at Craig Hallum

Craig Hallum restated their hold rating on shares of Digi International (NASDAQ:DGII) in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have a $32.00 target price on the technology company’s stock, up from their previous target price of $28.00.

Separately, Piper Sandler cut their target price 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Digi International Trading Down 0.9 %

DGII opened at $31.41 on Thursday. The company has a market cap of $1.14 billion, a P/E ratio of 51.49, a PEG ratio of 1.07 and a beta of 1.06. The company has a current ratio of 2.00, a quick ratio of 1.31 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $29.14 and its 200-day moving average is $26.78. Digi International has a 1-year low of $20.17 and a 1-year high of $34.08.

Institutional Trading of Digi International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Digi International by 52.6% in the 1st quarter. BNP Paribas Financial Markets now owns 29,940 shares of the technology company’s stock valued at $956,000 after buying an additional 10,317 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Digi International by 1,814.0% during the 1st quarter. Russell Investments Group Ltd. now owns 57,764 shares of the technology company’s stock worth $1,844,000 after acquiring an additional 54,746 shares during the last quarter. Summit Creek Advisors LLC increased its position in Digi International by 13.9% in the 1st quarter. Summit Creek Advisors LLC now owns 338,827 shares of the technology company’s stock valued at $10,819,000 after acquiring an additional 41,392 shares during the period. Verity Asset Management Inc. bought a new position in shares of Digi International during the first quarter valued at $269,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Digi International by 216.7% during the second quarter. Harbor Capital Advisors Inc. now owns 91,197 shares of the technology company’s stock worth $2,091,000 after purchasing an additional 62,402 shares during the period. 95.90% of the stock is currently owned by institutional investors.

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.