Digi International Inc. (NASDAQ:DGII) Given Average Rating of “Moderate Buy” by Brokerages

Digi International Inc. (NASDAQ:DGII) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $82.40.

DGII has been the topic of several research reports. Stephens upped their price objective 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. Weiss Ratings cut shares of Digi International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. B. Riley Financial lifted their target price 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 price target on shares of Digi International and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Piper Sandler increased their price target 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.

Hedge Funds Weigh In On Digi International

A number of large investors have recently made changes to their positions in the company. Leuthold Group LLC grew its holdings in shares of Digi International by 0.5% during the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock worth $2,456,000 after purchasing an additional 264 shares in the last quarter. GAMMA Investing LLC raised its stake in Digi International by 17.0% in the second quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock valued at $193,000 after purchasing an additional 374 shares in the last quarter. USA Financial Formulas raised its stake in Digi International by 109.3% in 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. Glenmede Trust Co. NA lifted its position in Digi International by 11.2% during the first quarter. Glenmede Trust Co. NA now owns 18,712 shares of the technology company’s stock worth $902,000 after purchasing an additional 1,888 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in Digi International during the second quarter worth about $154,000. Institutional investors own 95.90% of the company’s stock.

Digi International Stock Performance

DGII opened at $72.66 on Friday. Digi International has a 12-month low of $34.41 and a 12-month high of $86.84. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 57.67 and a beta of 0.97. The business has a 50 day moving average of $72.21 and a 200-day moving average of $64.22. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.16.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The company had revenue of $138.67 million during the quarter, compared to the consensus estimate of $132.57 million. During the same period in the previous year, the company posted $0.53 EPS. The firm’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. On average, equities research analysts expect 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 solutions. Its products and services help organizations connect, monitor and manage devices, equipment and assets across distributed locations and networks.

The company’s offerings include cellular routers and gateways, embedded and system-on-module solutions, industrial networking equipment, console servers and other wireless connectivity products. Digi also provides device-management software, including its Digi Remote Manager platform, which supports the deployment, configuration, monitoring and maintenance of connected devices.

Digi serves customers in industries such as transportation, energy, industrial automation, healthcare, retail and government.