Digi International Inc. (NASDAQ:DGII) Given Average Rating of “Moderate Buy” by Analysts

Shares of Digi International Inc. (NASDAQ:DGIIGet Free Report) have been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $82.40.

Several research firms recently weighed in on DGII. Weiss Ratings raised shares of Digi International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Stephens raised their target price on shares of Digi International from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Roth Capital set a $90.00 price target on shares of Digi International and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research lowered shares of Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Piper Sandler increased their price objective on shares of Digi International from $63.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, August 6th.

View Our Latest Research Report on Digi International

Hedge Funds Weigh In On Digi International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DGII. Leuthold Group LLC raised its position in Digi International by 0.5% during the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after buying an additional 264 shares during the period. Russell Investments Group Ltd. grew its stake in Digi International by 8.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock valued at $158,000 after acquiring an additional 273 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Digi International by 5.9% in the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock valued at $265,000 after purchasing an additional 331 shares during the period. Lazard Asset Management LLC lifted its position in shares of Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after purchasing an additional 339 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Digi International by 17.0% in the second quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock worth $193,000 after purchasing an additional 374 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Digi International Price Performance

Shares of NASDAQ:DGII opened at $68.77 on Friday. The firm’s 50 day moving average is $72.46 and its two-hundred day moving average is $63.50. Digi International has a 52 week low of $34.24 and a 52 week high of $86.84. The firm has a market capitalization of $2.61 billion, a P/E ratio of 54.58 and a beta of 0.97. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16.

Digi International (NASDAQ:DGIIGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The company had revenue of $138.67 million during the quarter, compared to analyst estimates of $132.57 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. Analysts anticipate that Digi International will post 2.31 earnings per share for the current year.

About Digi International

(Get Free Report)

Digi International Inc is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi’s solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.

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Analyst Recommendations for Digi International (NASDAQ:DGII)

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