Digi International Inc. (NASDAQ:DGII) Stock Has Consensus Price Target of $82.40 According to Brokerages

Shares of Digi International Inc. (NASDAQ:DGII – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $82.40.

DGII has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Digi International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. Stephens upped their price objective on Digi International from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. B. Riley Financial raised their target price on shares of Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Piper Sandler raised their target price on Digi International from $63.00 to $76.00 and gave the company a “neutral” rating in a report 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 Analysis on DGII

Institutional Trading of Digi International

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Digi International during the 2nd quarter worth about $445,526,000. Bank of America Corp DE acquired a new stake in shares of Digi International during the 2nd quarter worth $92,680,000. Port Capital LLC purchased a new position in shares of Digi International in the 2nd quarter worth about $24,064,000. Bank of New York Mellon Corp purchased a new position in Digi International in the second quarter valued at approximately $16,274,000. Finally, Legal & General Group Plc purchased a new position in shares of Digi International in the 2nd quarter valued at $6,309,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Digi International Stock Down 0.4%

Shares of NASDAQ:DGII opened at $74.93 on Tuesday. Digi International has a fifty-two week low of $34.41 and a fifty-two week high of $86.84. The firm’s 50 day moving average price is $74.95 and its 200 day moving average price is $66.91. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 59.47 and a beta of 0.96. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.16.

Digi International (NASDAQ:DGII – Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $138.67 million for the quarter, compared to analyst estimates of $132.57 million. Digi International had a return on equity of 12.16% and a net margin of 9.63%.Digi International’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. As a group, equities research analysts predict that Digi International will post 2.31 earnings per share for the current fiscal year.

Digi International Company Profile

(Get Free Report)

Digi International Inc (NASDAQ: DGII) provides business and industrial Internet of Things (IoT) connectivity products and solutions. The company helps organizations connect, monitor and manage equipment, sensors and other devices over cellular, wireless and wired networks.

Its product portfolio includes industrial routers and gateways, embedded systems and wireless modules, console servers, serial connectivity products and infrastructure for machine-to-machine communications. Digi also offers cloud-based device management and monitoring through Digi Remote Manager, along with professional services and support designed to help customers deploy and maintain connected devices.

Digi’s solutions are used across industries such as transportation, energy, healthcare, manufacturing, retail, government and commercial services.

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Analyst Recommendations for Digi International (NASDAQ:DGII)

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