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

Digi International (NASDAQ:DGII) had its target price cut by Piper Sandler from $76.00 to $67.00 in a report issued on Thursday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Weiss Ratings lowered shares of Digi International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, November 9th. Stephens lifted their target price on shares of Digi International from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Roth Capital set a $90.00 price target on shares of Digi International and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, B. Riley Financial increased their price target on shares of Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Digi International has a consensus rating of “Moderate Buy” and a consensus price target of $80.60.

Digi International Stock Performance

Shares of DGII stock traded down $3.01 during mid-day trading on Thursday, hitting $55.43. 821,754 shares of the stock were exchanged, compared to its average volume of 478,265. The stock’s fifty day simple moving average is $72.01 and its two-hundred day simple moving average is $64.02. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 40.17 and a beta of 1.00. Digi International has a 12-month low of $36.89 and a 12-month high of $86.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 1.09.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, November 11th. The technology company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $143.32 million for the quarter, compared to analysts’ expectations of $140.27 million. Digi International had a return on equity of 13.02% and a net margin of 10.03%. The business’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Digi International has set its Q1 2027 guidance at 0.710-0.750 EPS. On average, analysts forecast that Digi International will post 2.77 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new stake in shares of Digi International in the second quarter valued at about $92,680,000. The Manufacturers Life Insurance Company purchased a new position in Digi International during the second quarter worth about $1,391,000. Lisanti Capital Growth LLC purchased a new position in Digi International during the second quarter worth about $1,614,000. Globeflex Capital L P purchased a new position in Digi International during the second quarter worth about $3,250,000. Finally, Horizon Investment Services LLC acquired a new stake in Digi International in the second quarter valued at about $945,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Top Digi International Stories

Investors following DGII have been watching these stories:

• Positive Sentiment: Fiscal Q4 adjusted EPS was $0.78, above the $0.76 consensus, while revenue of $143.32 million also topped estimates and rose 25.3% year over year. Digi reported higher quarterly profit and raised its fiscal 2027 outlook. Digi International Surpasses Q4 Earnings and Revenue Estimates
• Neutral Sentiment: Piper Sandler cut its price target to $67 from $76 and maintained a “neutral” rating. The revised target still implies potential upside from the price cited in the report, but the downgrade in target reflects more cautious expectations. Piper Sandler Stock Recommendations
• Negative Sentiment: Despite the Q4 beat, investors reacted negatively to the fiscal 2027 outlook, which was viewed as signaling slower growth than hoped. Reports also pointed to near-term margin pressure and risks tied to acquisitions, helping explain the sharp post-earnings selloff. Digi International Q4 2026: Strong Beat, but Slower Growth Ahead ARR Acceleration and Record Revenue Mask Margin Pressures and Acquisition Risk

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.