Digi International Inc. (NASDAQ:DGII) Receives $49.80 Average Price Target from Brokerages

Shares of Digi International Inc. (NASDAQ:DGII) have received a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $49.80.

A number of equities analysts recently issued reports on DGII shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Digi International in a research note on Wednesday, December 24th. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Stephens lifted their target price on shares of Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, January 2nd. Piper Sandler upped their target price on shares of Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Finally, Craig Hallum reiterated a “buy” rating and set a $50.00 price target on shares of Digi International in a report on Thursday, February 5th.

Insider Activity at Digi International

In other Digi International news, Director Satbir Khanuja sold 6,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total transaction of $276,000.00. Following the sale, the director directly owned 85,298 shares in the company, valued at approximately $3,923,708. This trade represents a 6.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David H. Sampsell sold 5,000 shares of Digi International stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total value of $228,700.00. Following the completion of the sale, the vice president directly owned 24,740 shares of the company’s stock, valued at approximately $1,131,607.60. The trade was a 16.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 13,455 shares of company stock valued at $616,357. 3.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Digi International

Large investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. purchased a new position in Digi International in the 2nd quarter worth about $4,293,000. GW&K Investment Management LLC bought a new stake in shares of Digi International in the fourth quarter worth approximately $2,410,000. Ameriprise Financial Inc. grew its stake in shares of Digi International by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after acquiring an additional 46,659 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Digi International during the fourth quarter valued at approximately $2,000,000. Finally, SG Americas Securities LLC raised its holdings in shares of Digi International by 445.3% during the third quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company’s stock valued at $1,118,000 after purchasing an additional 25,046 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Digi International Stock Down 2.6%

DGII stock opened at $47.79 on Friday. The business has a 50 day moving average of $46.94 and a 200 day moving average of $42.15. The firm has a market cap of $1.80 billion, a PE ratio of 42.67 and a beta of 0.79. Digi International has a twelve month low of $22.39 and a twelve month high of $51.78. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, February 4th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The business had revenue of $122.46 million for the quarter, compared to the consensus estimate of $115.90 million. During the same period in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. On average, research analysts forecast that Digi International will post 1.68 EPS for the current fiscal year.

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.