Digi International Inc. (NASDAQ:DGII – Get Free Report) has received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $66.20.
Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Zacks Research raised shares of Digi International from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. Piper Sandler upped their target price on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Roth Capital reissued a “buy” rating and issued a $70.00 price target on shares of Digi International in a report on Thursday, May 7th. Finally, Stephens raised their price target on shares of Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th.
Get Our Latest Analysis on DGII
Insider Activity at Digi International
Institutional Trading of Digi International
Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Digi International by 17.0% during the second quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock valued at $193,000 after purchasing an additional 374 shares during the period. Pacer Advisors Inc. boosted its stake in Digi International by 41.2% during the first quarter. Pacer Advisors Inc. now owns 12,304 shares of the technology company’s stock worth $593,000 after buying an additional 3,592 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in Digi International by 11.2% during the first quarter. Glenmede Trust Co. NA now owns 18,712 shares of the technology company’s stock worth $902,000 after buying an additional 1,888 shares in the last quarter. California State Teachers Retirement System increased its holdings in Digi International by 30.3% in the 1st quarter. California State Teachers Retirement System now owns 45,815 shares of the technology company’s stock valued at $2,208,000 after buying an additional 10,661 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in Digi International by 3.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 199,635 shares of the technology company’s stock valued at $9,622,000 after buying an additional 6,480 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Digi International Trading Down 0.9%
Digi International stock opened at $66.20 on Thursday. Digi International has a 52 week low of $30.69 and a 52 week high of $76.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.11. The firm has a market capitalization of $2.50 billion, a PE ratio of 58.58 and a beta of 0.96. The business’s 50-day simple moving average is $67.76 and its 200-day simple moving average is $56.04.
Digi International (NASDAQ:DGII – Get Free Report) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $130.74 million during the quarter, compared to the consensus estimate of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Equities research analysts forecast that Digi International will post 2.11 earnings per share for the current year.
About Digi International
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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