Digi International (DGII) Receives a Rating Update from a Top Analyst

By Ryan Adsit

In a report released yesterday, Michael Walkley from Canaccord Genuity maintained a Buy rating on Digi International (DGIIResearch Report), with a price target of $26.00. The company’s shares closed last Monday at $15.10, close to its 52-week high of $15.87.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 17.7% and a 64.5% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Skyworks Solutions, and Calamp Crop.

Digi International has an analyst consensus of Strong Buy, with a price target consensus of $20.67, implying a 40.3% upside from current levels. In a report issued on November 1, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $19.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $15.87 and a one-year low of $9.28. Currently, Digi International has an average volume of 91.27K.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DGII in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Digi International, Inc. engages in the provision of business & mission-critical and Internet of Things (IoT) connectivity products and services. It operates through the following segments: IoT Products & Services, IoT Solutions.