Digi International Inc. (NASDAQ:DGII) Receives $66.20 Consensus Price Target from Analysts

Shares of Digi International Inc. (NASDAQ:DGII) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $66.20.

A number of research analysts recently commented on the company. Stephens raised their price target on Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings lowered shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Craig Hallum boosted their target price on shares of Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Piper Sandler boosted their target price 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.

Digi International Stock Performance

Shares of NASDAQ:DGII opened at $72.15 on Friday. The business’s 50 day simple moving average is $65.60 and its 200 day simple moving average is $53.82. Digi International has a 1 year low of $30.69 and a 1 year high of $76.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77. The company has a market capitalization of $2.72 billion, a P/E ratio of 63.85 and a beta of 0.96.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $130.74 million during the quarter, compared to analysts’ expectations of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. On average, research analysts anticipate that Digi International will post 2.11 EPS for the current fiscal year.

Insider Activity

In other Digi International news, VP James E. Freeland sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total transaction of $30,600.00. Following the completion of the transaction, the vice president directly owned 19,219 shares in the company, valued at $1,306,892. The trade was a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David H. Sampsell sold 6,376 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.11, for a total value of $415,141.36. Following the sale, the vice president owned 18,364 shares of the company’s stock, valued at $1,195,680.04. The trade was a 25.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 121,008 shares of company stock valued at $8,320,222. 3.40% of the stock is owned by insiders.

Institutional Trading of Digi International

Several large investors have recently bought and sold shares of DGII. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Digi International during the fourth quarter worth about $2,000,000. SG Americas Securities LLC boosted its stake in shares of Digi International by 84.4% in the 1st quarter. SG Americas Securities LLC now owns 47,149 shares of the technology company’s stock valued at $2,273,000 after purchasing an additional 21,584 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Digi International by 6.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 193,155 shares of the technology company’s stock valued at $8,362,000 after purchasing an additional 11,900 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of Digi International by 183.1% during the 4th quarter. Legato Capital Management LLC now owns 17,436 shares of the technology company’s stock valued at $755,000 after purchasing an additional 11,276 shares during the last quarter. Finally, Horizon Investments LLC bought a new stake in shares of Digi International during the 4th quarter valued at approximately $598,000. 95.90% of the stock is owned by institutional investors and hedge funds.

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.