Digi International Inc. (NASDAQ:DGII) Receives $46.80 Consensus Target Price from Brokerages

Digi International Inc. (NASDAQ:DGII) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $46.80.

Several equities analysts recently weighed in on DGII shares. Stephens reaffirmed an “overweight” rating and set a $50.00 target price on shares of Digi International in a research note on Tuesday, August 19th. Piper Sandler boosted their price objective on shares of Digi International from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Roth Capital raised their price target on Digi International from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Digi International in a research report on Wednesday, October 8th. Finally, Craig Hallum upgraded shares of Digi International from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $45.00 in a report on Thursday, November 13th.

Digi International Price Performance

Shares of Digi International stock opened at $37.77 on Friday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 1.23 and a beta of 0.93. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $36.94 and its 200-day simple moving average is $34.62. Digi International has a 52 week low of $22.39 and a 52 week high of $44.79.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, November 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.05. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The firm had revenue of $114.34 million during the quarter, compared to analysts’ expectations of $110.75 million. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts expect that Digi International will post 1.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DGII. Bessemer Group Inc. increased its stake in Digi International by 2,215.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,174 shares in the last quarter. Lazard Asset Management LLC grew its position in Digi International by 25.1% during the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after buying an additional 339 shares during the period. GAMMA Investing LLC increased its stake in shares of Digi International by 67.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company’s stock valued at $59,000 after purchasing an additional 685 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Digi International by 5,263.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,038 shares of the technology company’s stock worth $71,000 after buying an additional 2,000 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Digi International by 1,530.9% during the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock valued at $123,000 after purchasing an additional 3,169 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Digi International Company Profile

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.