Digi International (DGII) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DGII shares.
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5 equities research analysts have issued 1-year price objectives for Digi International's shares. Their DGII share price forecasts range from $46.00 to $50.00. On average, they expect the company's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 67.9% from the stock's current price.
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Digi International's stock was trading at $36.55 at the start of the year. Since then, DGII stock has decreased by 21.8% and is now trading at $28.58.
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Digi International saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,600,000 shares, an increase of 7.4% from the August 15th total of 1,490,000 shares. Based on an average daily volume of 291,100 shares, the days-to-cover ratio is presently 5.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Digi International Inc. (NASDAQ:DGII) issued its earnings results on Thursday, August, 3rd. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The technology company had revenue of $112.24 million for the quarter, compared to analysts' expectations of $108.75 million. Digi International had a net margin of 6.76% and a trailing twelve-month return on equity of 12.11%.

ETFs with the largest weight of Digi International (NASDAQ:DGII) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), Invesco Next Gen Connectivity ETF (PXQ), Innovator IBD Breakout Opportunities ETF (BOUT), SPDR S&P Telecom ETF (XTL), Invesco S&P SmallCap Information Technology ETF (PSCT), Global X Internet of Things Thematic ETF (SNSR) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).iShares Micro-Cap ETF (IWC).

Digi International updated its fourth quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $0.46-$0.49 for the period, compared to the consensus estimate of $0.49. The company issued revenue guidance of $108.00 million-$112.00 million, compared to the consensus revenue estimate of $110.82 million.

49 employees have rated Digi International Chief Executive Officer Ron Konezny on Glassdoor.com. Ron Konezny has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Digi International investors own include General Electric (GE), NVIDIA (NVDA), AT&T (T), Inovio Pharmaceuticals (INO), SeaChange International (SEAC), Block (SQ), Vista Outdoor (VSTO), Advanced Micro Devices (AMD), Actinium Pharmaceuticals (ATNM).

Digi International trades on the NASDAQ under the ticker symbol "DGII."

Digi International's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Driehaus Capital Management LLC (2.59%), Geneva Capital Management LLC (2.59%), Geode Capital Management LLC (1.96%), Fort Washington Investment Advisors Inc. OH (1.08%), Bank of New York Mellon Corp (0.91%) and Rhumbline Advisers (0.29%). Insiders that own company stock include David H Sampsell, James J Loch, Kevin C Riley, Ronald Konezny, Terrence G Schneider and Tracy L Roberts.
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Shares of DGII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DGII stock can currently be purchased for approximately $28.58.

Digi International (NASDAQ:DGII) has a market capitalization of $1.03 billion and generates $388.23 million in revenue each year. The technology company earns $19.38 million in net income (profit) each year or $0.81 on an earnings per share basis.

The company employs 790 workers across the globe.

Digi International's mailing address is 9350 Excelsior Blvd. Suite 700, Hopkins MN, 55343. The official website for the company is www.digi.com. The technology company can be reached via phone at (952) 912-3444, via email at jamie.loch@digi.com, or via fax at 952-912-4952.