Digi International Inc. (DGII) – What Are Investment Firms Thinking About This Stock?

Shares of Digi International Inc. (NASDAQ:DGII) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $82.40.

Several analysts recently issued reports on DGII shares. B. Riley Financial boosted their price objective on shares of Digi International from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings raised Digi International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 2nd. Roth Capital set a $90.00 target price on Digi International and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research downgraded Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Stephens lifted their target price on Digi International from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th.

Hedge Funds Weigh In On Digi International

A number of institutional investors and hedge funds have recently made changes to their positions in DGII. BlackRock Inc. purchased a new stake in shares of Digi International in the 2nd quarter valued at approximately $445,526,000. Bank of America Corp DE acquired a new stake in Digi International during the 2nd quarter worth $92,680,000. Port Capital LLC acquired a new position in Digi International in the second quarter valued at $24,064,000. Bank of New York Mellon Corp purchased a new position in shares of Digi International during the second quarter worth about $16,274,000. Finally, Legal & General Group Plc purchased a new position in shares of Digi International during the second quarter worth about $6,309,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Digi International Stock Performance

NASDAQ DGII opened at $75.63 on Tuesday. The stock’s fifty day moving average is $75.07 and its two-hundred day moving average is $66.97. The firm has a market capitalization of $2.87 billion, a P/E ratio of 60.02 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.13. Digi International has a fifty-two week low of $34.41 and a fifty-two week high of $86.84.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Digi International had a return on equity of 12.16% and a net margin of 9.63%. The business had revenue of $138.67 million during the quarter, compared to the consensus estimate of $132.57 million. During the same period last year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. On average, research analysts anticipate 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 products and solutions. The company helps organizations connect, monitor and manage equipment, sensors and other devices over cellular, wireless and wired networks.

Its product portfolio includes industrial routers and gateways, embedded systems and wireless modules, console servers, serial connectivity products and infrastructure for machine-to-machine communications. Digi also offers cloud-based device management and monitoring through Digi Remote Manager, along with professional services and support designed to help customers deploy and maintain connected devices.

Digi’s solutions are used across industries such as transportation, energy, healthcare, manufacturing, retail, government and commercial services.