Digi International Inc. (NASDAQ:DGII) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Digi International Inc. (NASDAQ:DGIIGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $82.40.

A number of analysts have recently commented on DGII shares. Roth Capital set a $90.00 target price on shares of Digi International and gave the stock a “buy” rating in a research note on Thursday, August 6th. Craig Hallum raised their price target on shares of Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. B. Riley Financial lifted their price objective on Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Stephens boosted their price objective on Digi International from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Zacks Research cut Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd.

Read Our Latest Stock Report on DGII

Insider Buying and Selling at Digi International

In other Digi International news, CFO James J. Loch sold 100,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total value of $6,944,000.00. Following the transaction, the chief financial officer owned 167,589 shares in the company, valued at approximately $11,637,380.16. This trade represents a 37.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP James E. Freeland sold 450 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total transaction of $30,600.00. Following the completion of the transaction, the vice president directly owned 19,219 shares in the company, valued at approximately $1,306,892. This represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Digi International

A number of hedge funds and other institutional investors have recently made changes to their positions in DGII. Leuthold Group LLC lifted its position in Digi International by 0.5% in 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 last quarter. Russell Investments Group Ltd. increased its stake in Digi International by 8.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock worth $158,000 after purchasing an additional 273 shares during the period. Brooklyn Investment Group increased its stake in Digi International by 5.9% during the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock worth $265,000 after buying an additional 331 shares during the period. Lazard Asset Management LLC raised its stake 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 valued at $58,000 after acquiring an additional 339 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Digi International by 17.0% in 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 during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Digi International Stock Performance

NASDAQ DGII opened at $85.12 on Monday. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 67.56 and a beta of 0.97. Digi International has a twelve month low of $32.07 and a twelve month high of $86.84. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $70.80 and a 200 day moving average of $59.85.

Digi International (NASDAQ:DGIIGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $132.57 million. During the same period last year, the company earned $0.53 earnings per share. Digi International’s quarterly revenue was up 29.0% compared to the same quarter last year. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. Sell-side analysts anticipate that Digi International will post 2.31 EPS for the current fiscal 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.

Further Reading

Analyst Recommendations for Digi International (NASDAQ:DGII)

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