Stephens Forecasts Strong Price Appreciation for Digi International (NASDAQ:DGII) Stock

Digi International (NASDAQ:DGII) had its target price raised by stock analysts at Stephens from $75.00 to $85.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Stephens’ price objective suggests a potential upside of 4.04% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Roth Capital reissued a “buy” rating and issued a $70.00 price target on shares of Digi International in a research report on Thursday, May 7th. Piper Sandler raised 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. B. Riley Financial lifted their target price on shares of Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research cut shares of Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised Digi International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.40.

Digi International Stock Performance

DGII opened at $81.70 on Thursday. The company has a market cap of $3.10 billion, a PE ratio of 64.84 and a beta of 0.97. The stock has a 50-day moving average of $69.20 and a 200-day moving average of $58.29. Digi International has a 52-week low of $31.70 and a 52-week high of $86.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.77 and a current ratio of 1.13.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The business had revenue of $138.67 million for the quarter, compared to the consensus estimate of $132.57 million. During the same period last year, the business earned $0.53 EPS. The firm’s 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. As a group, equities research analysts forecast that Digi International will post 2.11 earnings per share for the current fiscal year.

Insider Activity at Digi International

In other Digi International news, CFO James J. Loch sold 100,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $69.44, for a total value of $6,944,000.00. Following the completion of the sale, the chief financial officer directly owned 167,589 shares of the company’s stock, valued at $11,637,380.16. This represents a 37.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David H. Sampsell sold 6,376 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.11, for a total transaction of $415,141.36. Following the completion of the sale, the vice president owned 18,364 shares in the company, valued at $1,195,680.04. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 121,008 shares of company stock valued at $8,320,222 in the last 90 days. 3.40% of the stock is owned by company insiders.

Institutional Trading of Digi International

Institutional investors have recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc bought a new position in Digi International in the fourth quarter worth $2,000,000. SG Americas Securities LLC increased its holdings in Digi International by 84.4% in the 1st quarter. SG Americas Securities LLC now owns 47,149 shares of the technology company’s stock valued at $2,273,000 after buying an additional 21,584 shares during the period. Hillsdale Investment Management Inc. increased its holdings in Digi International by 6.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 193,155 shares of the technology company’s stock valued at $8,362,000 after buying an additional 11,900 shares during the period. Strs Ohio raised its stake in shares of Digi International by 147.1% in the 1st quarter. Strs Ohio now owns 16,800 shares of the technology company’s stock valued at $810,000 after buying an additional 10,000 shares in the last quarter. Finally, Legato Capital Management LLC raised its stake in shares of Digi International by 183.1% in the 4th quarter. Legato Capital Management LLC now owns 17,436 shares of the technology company’s stock valued at $755,000 after buying an additional 11,276 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Digi International Company Profile

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.