Digi International (NASDAQ:DGII) Stock Price Expected to Rise, Piper Sandler Analyst Says

Digi International (NASDAQ:DGII) had its target price increased by investment analysts at Piper Sandler from $36.00 to $41.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Piper Sandler’s price objective would indicate a potential upside of 5.30% from the stock’s previous close.

Several other analysts also recently weighed in on DGII. Roth Capital restated a “buy” rating on shares of Digi International in a research note on Thursday, August 7th. Stephens reissued an “overweight” rating and issued a $50.00 price target on shares of Digi International in a report on Tuesday, August 19th. Weiss Ratings restated a “hold (c)” rating on shares of Digi International in a report on Wednesday, October 8th. B. Riley upped their target price on Digi International from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Craig Hallum raised shares of Digi International from a “hold” rating to a “buy” rating and raised their price target for the stock from $30.00 to $45.00 in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.20.

Digi International Stock Up 8.2%

Shares of DGII traded up $2.97 during mid-day trading on Thursday, reaching $38.94. 233,223 shares of the stock traded hands, compared to its average volume of 191,662. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 1.23 and a beta of 0.93. The stock has a fifty day simple moving average of $36.71 and a 200 day simple moving average of $34.35. Digi International has a 12-month low of $22.39 and a 12-month high of $44.79. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.06.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, November 12th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.05. The business had revenue of $114.34 million during the quarter, compared to the consensus estimate of $110.75 million. Digi International had a net margin of 10.14% and a return on equity of 10.96%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts expect that Digi International will post 1.68 EPS for the current fiscal year.

Institutional Trading of Digi International

Hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in Digi International by 2,297.0% during the 1st quarter. Pacer Advisors Inc. now owns 238,019 shares of the technology company’s stock valued at $6,624,000 after purchasing an additional 228,089 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Digi International in the second quarter worth $4,293,000. Jones Financial Companies Lllp lifted its stake in Digi International by 9,344.7% in the first quarter. Jones Financial Companies Lllp now owns 108,614 shares of the technology company’s stock valued at $3,023,000 after buying an additional 107,464 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Digi International by 5.9% during the second quarter. Geneva Capital Management LLC now owns 1,730,417 shares of the technology company’s stock valued at $60,322,000 after acquiring an additional 95,756 shares during the period. Finally, Herald Investment Management Ltd bought a new position in shares of Digi International during the first quarter worth about $2,226,000. Institutional investors own 95.90% of the company’s stock.

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.