Digi International Inc. (NASDAQ:DGII – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $82.40.
A number of analysts have commented on DGII shares. Roth Capital set a $90.00 target price on shares of Digi International and gave the company a “buy” rating in a report on Thursday, August 6th. Stephens upped their price target on Digi International from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. B. Riley Financial raised their price objective on Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research downgraded Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Piper Sandler lifted their price objective on Digi International from $63.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th.
View Our Latest Research Report on Digi International
Digi International Stock Down 6.3%
DGII stock opened at $72.74 on Friday. Digi International has a fifty-two week low of $34.41 and a fifty-two week high of $86.84. The business’s 50-day moving average is $73.72 and its two-hundred day moving average is $62.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.13. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 57.73 and a beta of 0.96.
Digi International (NASDAQ:DGII – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $138.67 million during the quarter, compared to the consensus estimate of $132.57 million. Digi International had a return on equity of 12.16% and a net margin of 9.63%. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. As a group, analysts forecast that Digi International will post 2.31 earnings per share for the current year.
Hedge Funds Weigh In On Digi International
Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Digi International by 164.9% in the third quarter. Farther Finance Advisors LLC now owns 392 shares of the technology company’s stock worth $30,000 after purchasing an additional 244 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Digi International by 17.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock valued at $193,000 after buying an additional 374 shares in the last quarter. USA Financial Formulas lifted its stake in shares of Digi International by 109.3% during the 1st quarter. USA Financial Formulas now owns 946 shares of the technology company’s stock valued at $46,000 after buying an additional 494 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Digi International by 77.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,511 shares of the technology company’s stock valued at $115,000 after buying an additional 661 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Digi International by 467.8% in the 3rd quarter. Sterling Capital Management LLC now owns 1,181 shares of the technology company’s stock worth $90,000 after buying an additional 973 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Digi International Company Profile
Digi International Inc (NASDAQ: DGII) provides Internet of Things (IoT) connectivity products and services that help businesses connect, monitor and manage devices and equipment remotely. Its solutions are used to support connected operations across industrial, transportation, energy, healthcare, retail and other commercial applications.
The company offers cellular routers, gateways, embedded systems, networking hardware and wireless modules. Digi also provides cloud-based device-management software and related services that enable customers to configure, monitor, secure and update connected devices throughout their operating lifecycles.
Digi serves customers internationally through direct sales, channel partners and distributors.
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