Digi International (NASDAQ:DGII) Upgraded to “Buy” at Craig Hallum

Digi International (NASDAQ:DGII) was upgraded by equities research analysts at Craig Hallum from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat reports. The brokerage presently has a $45.00 price target on the technology company’s stock, up from their prior price target of $30.00. Craig Hallum’s price objective would indicate a potential upside of 25.10% from the stock’s current price.

Other analysts also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Digi International in a research report on Wednesday, October 8th. Roth Capital reissued a “buy” rating on shares of Digi International in a report on Thursday, August 7th. B. Riley boosted their price objective on Digi International from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Stephens reaffirmed an “overweight” rating and issued a $50.00 price objective on shares of Digi International in a research note on Tuesday, August 19th. Finally, Piper Sandler increased their target price on Digi International from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Digi International Price Performance

Shares of Digi International stock opened at $35.97 on Thursday. The stock has a market cap of $1.34 billion, a P/E ratio of 31.55, a P/E/G ratio of 1.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.03 and a current ratio of 1.43. The stock’s fifty day moving average is $36.71 and its 200 day moving average is $34.35. Digi International has a one year low of $22.39 and a one year high of $39.62.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The company had revenue of $114.34 million during the quarter, compared to the consensus estimate of $110.75 million. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts anticipate that Digi International will post 1.68 earnings per share for the current year.

Institutional Trading of Digi International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneva Capital Management LLC boosted its position in shares of Digi International by 5.9% during the second quarter. Geneva Capital Management LLC now owns 1,730,417 shares of the technology company’s stock valued at $60,322,000 after buying an additional 95,756 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Digi International by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after acquiring an additional 46,659 shares during the last quarter. Pacer Advisors Inc. grew its position in Digi International by 2,297.0% in the 1st quarter. Pacer Advisors Inc. now owns 238,019 shares of the technology company’s stock valued at $6,624,000 after acquiring an additional 228,089 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Digi International by 47.2% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock valued at $6,609,000 after acquiring an additional 58,100 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Digi International by 9,344.7% in the 1st quarter. Jones Financial Companies Lllp now owns 108,614 shares of the technology company’s stock valued at $3,023,000 after acquiring an additional 107,464 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.