Stephens Issues Positive Forecast for Digi International (NASDAQ:DGII) Stock Price

Digi International (NASDAQ:DGII) had its target price upped by analysts at Stephens from $75.00 to $85.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Stephens’ price objective indicates a potential upside of 4.85% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler boosted their price objective on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Zacks Research cut shares of Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday. B. Riley Financial lifted their target price on Digi International from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings raised Digi International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Finally, Roth Capital reiterated a “buy” rating and set a $70.00 price target on shares of Digi International in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.80.

Digi International Stock Performance

Digi International stock traded up $8.31 during mid-day trading on Thursday, reaching $81.06. The company’s stock had a trading volume of 136,099 shares, compared to its average volume of 332,936. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 71.62 and a beta of 0.97. The business has a 50 day moving average price of $68.60 and a 200-day moving average price of $57.86. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. Digi International has a twelve month low of $30.69 and a twelve month high of $82.65.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $138.67 million during the quarter, compared to analyst estimates of $132.57 million. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. Sell-side analysts predict that Digi International will post 2.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Digi International news, VP James E. Freeland sold 450 shares of Digi International stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total transaction of $30,600.00. Following the sale, the vice president owned 19,219 shares of the company’s stock, valued at $1,306,892. The trade was a 2.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James J. Loch sold 100,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total value of $6,944,000.00. Following the transaction, the chief financial officer owned 167,589 shares of the company’s stock, valued at $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 90 days, insiders sold 121,008 shares of company stock valued at $8,320,222. 3.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. USA Financial Formulas raised its stake in shares of Digi International by 109.3% during the first quarter. USA Financial Formulas now owns 946 shares of the technology company’s stock valued at $46,000 after purchasing an additional 494 shares in the last quarter. GAMMA Investing LLC grew its position in Digi International by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock valued at $193,000 after buying an additional 374 shares in the last quarter. Pacer Advisors Inc. grew its position in Digi International by 41.2% in the 1st quarter. Pacer Advisors Inc. now owns 12,304 shares of the technology company’s stock valued at $593,000 after buying an additional 3,592 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Digi International by 11.2% during the 1st quarter. Glenmede Trust Co. NA now owns 18,712 shares of the technology company’s stock valued at $902,000 after buying an additional 1,888 shares during the period. Finally, California State Teachers Retirement System increased its stake in Digi International by 30.3% during the 1st quarter. California State Teachers Retirement System now owns 45,815 shares of the technology company’s stock valued at $2,208,000 after buying an additional 10,661 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

More Digi International News

Here are the key news stories impacting Digi International this week:

• Positive Sentiment: Digi reported fiscal third-quarter revenue of approximately $139 million, up 29% year over year, while adjusted earnings reached $0.75 per share versus analyst expectations of roughly $0.66-$0.67. Gross margin also improved 130 basis points to 64.8%, supporting the bullish reaction. Digi International Reports Third Fiscal Quarter 2026 Results
• Positive Sentiment: Management issued fiscal fourth-quarter EPS guidance of $0.750-$0.780, well above the $0.610 consensus estimate, and revenue guidance of $138 million-$142 million, ahead of the $135.9 million forecast.
• Positive Sentiment: Fiscal 2026 revenue guidance was set at $529 million-$533 million, exceeding the $521.6 million consensus estimate. The results call and investor commentary also highlighted record revenue and improving investor interest in small-cap growth companies. Digi International Strengthens on Record Revenue
• Neutral Sentiment: The earnings report showed net margin of 9.1% and return on equity of 11.28%. However, DGII trades at a relatively elevated P/E ratio of about 65, leaving the stock sensitive to any slowdown in growth or future guidance.
• Negative Sentiment: Zacks Research downgraded Digi International from “Strong Buy” to “Hold.” The downgrade may temper enthusiasm, although it was outweighed by the quarter’s earnings beat and stronger-than-expected outlook. Digi International Q3 Earnings and Revenues Top Estimates

About Digi International

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.