Digi International Inc. (NASDAQ:DGII) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Digi International Inc. (NASDAQ:DGII) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $82.40.

A number of analysts have weighed in on DGII shares. B. Riley Financial increased their price objective on Digi International from $78.00 to $86.00 and gave the stock 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. Stephens upped their price objective on shares of Digi International from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Piper Sandler raised their target price on shares of Digi International from $63.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Roth Capital set a $90.00 target price on Digi International and gave the stock a “buy” rating in a research note on Thursday, August 6th.

Digi International Stock Performance

Shares of Digi International stock opened at $85.12 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.13. The company has a market capitalization of $3.23 billion, a P/E ratio of 67.56 and a beta of 0.97. Digi International has a 1 year low of $32.07 and a 1 year high of $86.84. The company’s fifty day moving average is $70.80 and its two-hundred day moving average is $59.85.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Digi International had a net margin of 9.63% and a return on equity of 12.16%. The business had revenue of $138.67 million during the quarter, compared to analysts’ expectations of $132.57 million. During the same period in the prior year, the company earned $0.53 earnings per share. The business’s revenue was up 29.0% compared to the same quarter last year. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. Analysts forecast that Digi International will post 2.31 earnings per share for the current year.

Insider Activity

In related news, VP James E. Freeland sold 450 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total value of $30,600.00. Following the completion of the sale, the vice president owned 19,219 shares in the company, valued at $1,306,892. This trade represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James J. Loch sold 100,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total transaction of $6,944,000.00. Following the sale, the chief financial officer directly owned 167,589 shares in the company, valued at approximately $11,637,380.16. This represents a 37.37% decrease in their position. The SEC filing for this sale provides additional information. 3.40% of the stock is owned by company insiders.

Institutional Trading of Digi International

A number of large investors have recently made changes to their positions in DGII. USA Financial Formulas increased its position in Digi International by 109.3% during the 1st quarter. USA Financial Formulas now owns 946 shares of the technology company’s stock worth $46,000 after purchasing an additional 494 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Digi International by 25.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after purchasing an additional 339 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Digi International in the 2nd quarter valued at about $154,000. State of Wyoming acquired a new stake in shares of Digi International during the 2nd quarter worth about $160,000. Finally, GAMMA Investing LLC boosted its stake 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. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.