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

Digi International Inc. (NASDAQ:DGII) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $66.20.

A number of analysts have commented on the stock. Craig Hallum lifted their target price on shares of Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Piper Sandler upped their target price on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings lowered Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Stephens raised their price objective 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, Roth Capital restated a “buy” rating and issued a $70.00 target price on shares of Digi International in a research note on Thursday, May 7th.

Insider Buying and Selling at Digi International

In other Digi International news, VP James E. Freeland sold 450 shares of Digi International stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total value of $30,600.00. Following the sale, the vice president directly owned 19,219 shares in the company, valued at approximately $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 accessible through this link. Also, VP Terrence G. Schneider sold 14,182 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $65.61, for a total transaction of $930,481.02. Following the sale, the vice president directly owned 26,759 shares in the company, valued at $1,755,657.99. This trade represents a 34.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 121,008 shares of company stock valued at $8,320,222 over the last ninety days. 3.40% of the stock is currently owned by company insiders.

Institutional Trading of Digi International

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Digi International by 17.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock worth $193,000 after purchasing an additional 374 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Digi International by 41.2% in the 1st quarter. Pacer Advisors Inc. now owns 12,304 shares of the technology company’s stock valued at $593,000 after acquiring an additional 3,592 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Digi International by 11.2% during the 1st 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 last quarter. California State Teachers Retirement System raised its holdings in shares of Digi International by 30.3% in the 1st quarter. California State Teachers Retirement System now owns 45,815 shares of the technology company’s stock valued at $2,208,000 after purchasing an additional 10,661 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Digi International by 3.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 199,635 shares of the technology company’s stock valued at $9,622,000 after purchasing an additional 6,480 shares during the period. Institutional investors own 95.90% of the company’s stock.

Digi International Stock Performance

Digi International stock opened at $65.53 on Thursday. The firm has a market capitalization of $2.47 billion, a P/E ratio of 57.99 and a beta of 0.96. The stock has a fifty day moving average price of $68.17 and a two-hundred day moving average price of $56.86. Digi International has a 52-week low of $30.69 and a 52-week 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.

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