B. Riley Financial Forecasts Strong Price Appreciation for Digi International (NASDAQ:DGII) Stock

Digi International (NASDAQ:DGII) had its target price upped by investment analysts at B. Riley Financial from $78.00 to $86.00 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the technology company’s stock. B. Riley Financial’s price objective would suggest a potential upside of 5.26% from the stock’s current price.

DGII has been the subject of a number of other research reports. Zacks Research lowered Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Craig Hallum boosted their price target on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Roth Capital restated a “buy” rating and issued a $70.00 price target on shares of Digi International in a report on Thursday, May 7th. Stephens lifted their price objective on shares of Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings raised shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Digi International has an average rating of “Moderate Buy” and an average price target of $82.40.

Digi International Stock Performance

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

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

Insiders Place Their Bets

In related news, VP James E. Freeland sold 450 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total value of $30,600.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James J. Loch sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer owned 167,589 shares of the company’s stock, valued at approximately $11,637,380.16. This trade represents a 37.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 121,008 shares of company stock worth $8,320,222. Company insiders own 3.40% of the company’s stock.

Institutional Trading of Digi International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. USA Financial Formulas increased its stake in shares of Digi International by 109.3% in the first quarter. USA Financial Formulas now owns 946 shares of the technology company’s stock worth $46,000 after buying an additional 494 shares during the last quarter. Lazard Asset Management LLC grew its stake in Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after purchasing an additional 339 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Digi International by 1,530.9% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after purchasing an additional 3,169 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Digi International in the second quarter valued at about $154,000. Finally, State of Wyoming acquired a new stake in Digi International during the second quarter valued at approximately $160,000. Institutional investors 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.