Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider Sells 2,808 Shares of Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider sold 2,808 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $33.06, for a total value of $92,832.48. Following the transaction, the vice president now directly owns 39,002 shares in the company, valued at approximately $1,289,406.12. This represents a 6.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Digi International Price Performance

Digi International stock opened at $33.22 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of 54.46, a P/E/G ratio of 1.14 and a beta of 1.06. Digi International Inc. has a 52 week low of $20.17 and a 52 week high of $34.44. The firm’s 50-day simple moving average is $30.27 and its 200 day simple moving average is $27.12. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.21.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in shares of Digi International by 92.5% during the second 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 period. Verity Asset Management Inc. acquired a new position in Digi International in the 1st quarter valued at $269,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Digi International during the 2nd quarter worth $498,000. Captrust Financial Advisors boosted its holdings in shares of Digi International by 13.5% during the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock worth $560,000 after purchasing an additional 2,418 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Digi International by 51.8% in the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock valued at $664,000 after purchasing an additional 8,235 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Piper Sandler lifted their target price on Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Craig Hallum reaffirmed a “hold” rating and set a $32.00 price objective (up previously from $28.00) on shares of Digi International in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

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.