Digi International (DGII) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DGII shares.
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6 brokerages have issued 12-month price targets for Digi International's shares. Their DGII share price forecasts range from $41.00 to $50.00. On average, they expect the company's share price to reach $47.00 in the next year. This suggests a possible upside of 31.5% 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 shares have decreased by 2.2% and is now trading at $35.75.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Digi International Inc. (NASDAQ:DGII) released its quarterly earnings data on Wednesday, November, 10th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The technology company earned $79.11 million during the quarter, compared to analyst estimates of $77.69 million. Digi International had a net margin of 6.29% and a trailing twelve-month return on equity of 11.98%. During the same quarter in the prior year, the company posted $0.15 EPS.

ETFs with the largest weight of Digi International (NASDAQ:DGII) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), Invesco Dynamic Networking ETF (PXQ), SPDR S&P Telecom ETF (XTL), Invesco S&P SmallCap Information Technology ETF (PSCT), Inspire Fidelis Multi Factor ETF (FDLS), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Global X Internet of Things Thematic ETF (SNSR) and Invesco Dynamic Market ETF (PWC).

Digi International updated its third quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $0.47-$0.49 for the period, compared to the consensus estimate of $0.47. The company issued revenue guidance of $107.00 million-$111.00 million, compared to the consensus revenue estimate of $108.81 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 many different retail and institutional investors. Top institutional investors include Geode Capital Management LLC (1.92%), Fort Washington Investment Advisors Inc. OH (1.10%), Bank of New York Mellon Corp (0.93%), Ameriprise Financial Inc. (0.60%), Rhumbline Advisers (0.30%) and Gamco Investors INC. ET AL (0.19%). 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 $35.75.

Digi International (NASDAQ:DGII) has a market capitalization of $1.28 billion and generates $388.23 million in revenue each year. The technology company earns $19.38 million in net income (profit) each year or $0.75 on an earnings per share basis.

The company employs 659 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.