Digi International Inc. (NASDAQ:DGII) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Digi International Inc. (NASDAQ:DGII) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $82.40.

Several brokerages have recently issued reports on DGII. Piper Sandler raised their target price on shares of Digi International from $63.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Stephens increased their price target on shares of Digi International from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Roth Capital set a $90.00 price target on shares of Digi International and gave the company a “buy” rating in a research report on Thursday, August 6th. B. Riley Financial raised their price target on shares of Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Craig Hallum upped their price objective 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.

Insider Buying and Selling

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

Institutional Trading of Digi International

Large investors have recently added to or reduced their stakes in the stock. Horizon Investment Services LLC bought a new stake in shares of Digi International during the 2nd quarter valued at about $945,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in Digi International in the fourth quarter worth about $2,000,000. SG Americas Securities LLC lifted its holdings in Digi International by 84.4% in the first quarter. SG Americas Securities LLC now owns 47,149 shares of the technology company’s stock worth $2,273,000 after buying an additional 21,584 shares during the period. Lisanti Capital Growth LLC purchased a new stake in Digi International in the second quarter worth about $1,614,000. Finally, Strs Ohio boosted its position in Digi International by 147.1% during the 1st quarter. Strs Ohio now owns 16,800 shares of the technology company’s stock valued at $810,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Digi International Stock Performance

Shares of DGII stock opened at $74.91 on Monday. The business has a 50-day moving average of $71.89 and a 200 day moving average of $61.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 0.78. Digi International has a 1-year low of $33.05 and a 1-year high of $86.84. The stock has a market capitalization of $2.84 billion, a PE ratio of 59.45 and a beta of 0.97.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.75 EPS for the quarter, topping 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 analysts’ expectations of $132.57 million. During the same period in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 29.0% on a year-over-year basis. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. As a group, sell-side analysts anticipate that Digi International will post 2.31 earnings per share for the current year.

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.