Brokerages Set Digi International Inc. (NASDAQ:DGII) Price Target at $66.20

Digi International Inc. (NASDAQ:DGII) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $66.20.

A number of equities research analysts recently weighed in on DGII shares. Piper Sandler raised their price objective on Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Digi International from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 3rd. Weiss Ratings cut shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Stephens lifted their price target on shares of Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Craig Hallum upped their price target on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th.

Insiders Place Their Bets

In related news, VP James E. Freeland sold 450 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total transaction of $30,600.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James J. Loch sold 100,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total value of $6,944,000.00. Following the transaction, the chief financial officer owned 167,589 shares in the company, valued at approximately $11,637,380.16. This trade represents a 37.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 121,008 shares of company stock worth $8,320,222 over the last quarter. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Digi International

A number of large investors have recently modified their holdings of DGII. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Digi International in the 4th quarter valued at approximately $2,000,000. SG Americas Securities LLC boosted its stake in Digi International by 84.4% in the 1st quarter. SG Americas Securities LLC now owns 47,149 shares of the technology company’s stock worth $2,273,000 after purchasing an additional 21,584 shares in the last quarter. Strs Ohio grew its position in Digi International by 147.1% during the 1st quarter. Strs Ohio now owns 16,800 shares of the technology company’s stock worth $810,000 after purchasing an additional 10,000 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Digi International by 6.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 193,155 shares of the technology company’s stock worth $8,362,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Legato Capital Management LLC grew its position in Digi International by 183.1% during the 4th quarter. Legato Capital Management LLC now owns 17,436 shares of the technology company’s stock worth $755,000 after purchasing an additional 11,276 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Digi International Stock Performance

Shares of NASDAQ:DGII opened at $66.95 on Thursday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 59.25 and a beta of 0.96. Digi International has a 52 week low of $30.69 and a 52 week high of $76.41. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $67.89 and a 200 day moving average of $56.27.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The company had revenue of $130.74 million during the quarter, compared to analyst estimates of $125.03 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. Digi International’s revenue was up 25.1% on a year-over-year basis. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. On average, sell-side analysts predict that Digi International will post 2.11 earnings per share for the current fiscal year.

Digi International Company Profile

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.