Digi International Inc. (NASDAQ:DGII) Stock Has Average Price Target of $82.40

Key Points

• Digi International has a “Moderate Buy” consensus rating from seven analysts, with five buys and two holds. The average 12-month price target is $82.40, with recent targets ranging from $76 to $86.
• The stock opened at $72.74 after falling 6.3%, while trading near its 50-day moving average. Digi’s market capitalization is approximately $2.76 billion, and its shares have traded between $34.41 and $86.84 over the past year.
• Digi reported quarterly EPS of $0.75 versus the $0.66 consensus estimate, while revenue rose 29% year over year to $138.67 million. Institutional investors own approximately 95.9% of the company’s outstanding shares.

Digi International Inc. (NASDAQ:DGII - Get Free Report) has received an average rating of "Moderate Buy" from the seven ratings firms that are currently 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 1-year price target among brokerages that have issued a report on the stock in the last year is $82.40.

Several brokerages recently issued reports on DGII. Stephens upped their target price 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. B. Riley Financial lifted their price target on Digi International from $78.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Digi International from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 16th. Piper Sandler raised their price objective on Digi International from $63.00 to $76.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Finally, Zacks Research downgraded shares of Digi International from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd.

Digi International Trading Down 6.3%

Shares of DGII opened at $72.74 on Friday. Digi International has a fifty-two week low of $34.41 and a fifty-two week high of $86.84. The business has a 50-day moving average of $73.72 and a 200 day moving average of $62.90. The firm has a market cap of $2.76 billion, a P/E ratio of 57.73 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 (NASDAQ:DGII - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. Digi International had a return on equity of 12.16% and a net margin of 9.63%. The company had revenue of $138.67 million during the quarter, compared to analysts' expectations of $132.57 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm's quarterly 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. As a group, research analysts forecast that Digi International will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DGII. Farther Finance Advisors LLC lifted its position in Digi International by 164.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 392 shares of the technology company's stock valued at $30,000 after acquiring an additional 244 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $193,000 after purchasing an additional 374 shares during the last quarter. USA Financial Formulas lifted its position in Digi International by 109.3% during the first quarter. USA Financial Formulas now owns 946 shares of the technology company's stock valued at $46,000 after purchasing an additional 494 shares during the period. Nisa Investment Advisors LLC lifted its position in Digi International by 77.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,511 shares of the technology company's stock valued at $115,000 after purchasing an additional 661 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in Digi International by 467.8% in the third quarter. Sterling Capital Management LLC now owns 1,181 shares of the technology company's stock worth $90,000 after purchasing an additional 973 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Digi International Company Profile

Digi International Inc NASDAQ: DGII provides Internet of Things (IoT) connectivity products and services that help businesses connect, monitor and manage devices and equipment remotely. Its solutions are used to support connected operations across industrial, transportation, energy, healthcare, retail and other commercial applications.

The company offers cellular routers, gateways, embedded systems, networking hardware and wireless modules. Digi also provides cloud-based device-management software and related services that enable customers to configure, monitor, secure and update connected devices throughout their operating lifecycles.

Digi serves customers internationally through direct sales, channel partners and distributors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.