Digi International Inc. (DGII) – What Are Investment Firms Thinking About This Stock?

Shares of Digi International Inc. (NASDAQ:DGII) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $82.40.

DGII has been the topic of a number of analyst reports. B. Riley Financial lifted their price objective 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. Roth Capital set a $90.00 target price on shares of Digi International and gave the stock a “buy” rating in a research note on Thursday, August 6th. Piper Sandler increased their target price on shares of Digi International from $63.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Digi International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. Finally, Zacks Research lowered shares of Digi International from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd.

Institutional Investors Weigh In On Digi International

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Digi International in the second quarter valued at $445,526,000. Bank of America Corp DE purchased a new stake in Digi International during the second quarter valued at about $92,680,000. Port Capital LLC purchased a new stake in Digi International during the second quarter valued at about $24,064,000. Bank of New York Mellon Corp bought a new stake in Digi International during the second quarter worth about $16,274,000. Finally, Hillsdale Investment Management Inc. lifted its stake in Digi International by 3.4% during the first quarter. Hillsdale Investment Management Inc. now owns 199,635 shares of the technology company’s stock worth $9,622,000 after purchasing an additional 6,480 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Digi International Price Performance

Shares of NASDAQ:DGII opened at $75.12 on Tuesday. The firm’s fifty day moving average is $75.17 and its 200-day moving average is $67.28. Digi International has a 52 week low of $34.41 and a 52 week high of $86.84. The firm has a market cap of $2.85 billion, a PE ratio of 59.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.13.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. Digi International had a net margin of 9.63% and a return on equity of 12.16%. The company 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 posted $0.53 earnings per share. Digi International’s revenue for the quarter 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. Sell-side analysts predict that Digi International will post 2.31 earnings per share for the current year.

About Digi International

Digi International Inc (NASDAQ: DGII) provides business and industrial Internet of Things (IoT) connectivity products and solutions. The company helps organizations connect, monitor and manage equipment, sensors and other devices over cellular, wireless and wired networks.

Its product portfolio includes industrial routers and gateways, embedded systems and wireless modules, console servers, serial connectivity products and infrastructure for machine-to-machine communications. Digi also offers cloud-based device management and monitoring through Digi Remote Manager, along with professional services and support designed to help customers deploy and maintain connected devices.

Digi’s solutions are used across industries such as transportation, energy, healthcare, manufacturing, retail, government and commercial services.