Digi International Inc. (NASDAQ:DGII) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Digi International Inc. (NASDAQ:DGII) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $66.20.

Several analysts recently commented on DGII shares. Weiss Ratings lowered Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Roth Capital reiterated a “buy” rating and set a $70.00 price objective on shares of Digi International in a research note on Thursday, May 7th. Piper Sandler lifted their price objective on Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a 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. Finally, Craig Hallum upped 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.

Insider Activity

In other Digi International news, VP David H. Sampsell sold 6,376 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total transaction of $415,141.36. Following the sale, the vice president directly owned 18,364 shares of the company’s stock, valued at approximately $1,195,680.04. This represents a 25.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James J. Loch sold 100,000 shares of the 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 sale, the chief financial officer owned 167,589 shares in the company, valued at $11,637,380.16. The trade was a 37.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 121,008 shares of company stock valued at $8,320,222. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Digi International

A number of hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its stake in shares of Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after acquiring an additional 339 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Digi International by 17.0% during the second quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock worth $193,000 after purchasing an additional 374 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Digi International by 1,530.9% during the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock valued at $123,000 after purchasing an additional 3,169 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Digi International during the fourth quarter valued at approximately $204,000. Finally, Brooklyn Investment Group increased its holdings in shares of Digi International by 3,880.3% in the third quarter. Brooklyn Investment Group now owns 5,652 shares of the technology company’s stock valued at $206,000 after purchasing an additional 5,510 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Digi International Stock Down 0.9%

Shares of DGII opened at $66.20 on Thursday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 58.58 and a beta of 0.96. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. Digi International has a 12 month low of $30.69 and a 12 month high of $76.41. The company has a 50-day moving average price of $67.76 and a two-hundred day moving average price of $56.04.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $125.03 million. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s quarterly 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. Equities analysts predict 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.