Digi International (NASDAQ:DGII) Stock Gets Price Target Cut from Piper Sandler

Digi International (NASDAQ:DGII) had its price target reduced by Piper Sandler from $76.00 to $67.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Piper Sandler‘s price target points to a potential upside of 0.06% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Stephens lifted their target price 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 upped their price target on Digi International from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research lowered Digi International from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Weiss Ratings cut shares of Digi International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Roth Capital set a $90.00 target price on Digi International and gave the stock a “buy” rating in a report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Digi International has a consensus rating of “Moderate Buy” and a consensus target price of $80.60.

Digi International Stock Performance

NASDAQ DGII opened at $66.96 on Thursday. The company has a 50 day moving average of $72.53 and a 200-day moving average of $63.89. Digi International has a 1-year low of $35.15 and a 1-year high of $86.84. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 53.14 and a beta of 1.00. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, November 11th. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. Digi International had a return on equity of 12.16% and a net margin of 9.63%. The company had revenue of $143.00 million for the quarter, compared to analysts’ expectations of $140.27 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. Digi International has set its Q1 2027 guidance at 0.710-0.750 EPS. On average, equities analysts forecast that Digi International will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Digi International

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE acquired a new position in Digi International in the 2nd quarter worth $92,680,000. The Manufacturers Life Insurance Company bought a new position in shares of Digi International in the second quarter valued at $1,391,000. Lisanti Capital Growth LLC acquired a new position in shares of Digi International during the 2nd quarter worth about $1,614,000. Globeflex Capital L P acquired a new position in Digi International during the second quarter worth approximately $3,250,000. Finally, Horizon Investment Services LLC acquired a new position in Digi International during the second quarter worth approximately $945,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Key Digi International News

These are some of the DGII news items that stood out recently:

• Positive Sentiment: Fiscal 2027 revenue guidance of $588.7 million to $615.5 million is above the $579 million consensus estimate, supporting the longer-term outlook.
• Neutral Sentiment: For fiscal Q1 2027, Digi forecast revenue of $140 million to $144 million and EPS of $0.71 to $0.75—ranges that broadly bracket analyst estimates of $140.5 million and $0.72.
• Negative Sentiment: Despite the quarterly beat and higher full-year revenue outlook, news coverage described the revenue guidance as weak, and investors reacted negatively after hours. The near-term outlook’s limited separation from consensus may have tempered enthusiasm for the strong Q4 results. Digi International shares fall after-hours

Digi International Company Profile

Digi International provides products and services for connecting, managing and securing devices used in the Internet of Things (IoT). Its offerings include cellular routers and gateways, embedded modules, console servers and other networking equipment, along with software and services for device management and remote monitoring. The company serves businesses and organizations across industries such as transportation, energy, healthcare, industrial automation and retail. Its solutions support deployments ranging from connected equipment and infrastructure to remote access and network management, with customers in markets around the world.