Digi International - DGII Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DGII shares.
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6 Wall Street research analysts have issued 1-year price targets for Digi International's shares. Their DGII share price forecasts range from $41.00 to $50.00. On average, they anticipate the company's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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Digi International's stock was trading at $24.57 on January 1st, 2022. Since then, DGII shares have increased by 65.4% and is now trading at $40.65.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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Digi International Inc. (NASDAQ:DGII) issued its earnings results 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 trailing twelve-month return on equity of 8.81% and a net margin of 4.99%. During the same quarter last year, the firm earned $0.15 earnings per share.

Digi International issued an update on its first quarter 2023 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $0.41-$0.44 for the period, compared to the consensus estimate of $0.42. The company issued revenue guidance of $101.00 million-$105.00 million, compared to the consensus revenue estimate of $100.51 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 number of retail and institutional investors. Top institutional shareholders include Essex Investment Management Co. LLC (1.10%), Bank of New York Mellon Corp (1.07%), Fort Washington Investment Advisors Inc. OH (0.86%), Portolan Capital Management LLC (0.41%), Advisory Research Inc. (0.27%) and Gamco Investors INC. ET AL (0.24%). Insiders that own company stock include David H Sampsell, Kevin C Riley, 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 $40.65.

Digi International (NASDAQ:DGII) has a market capitalization of $1.45 billion and generates $388.23 million in revenue each year. The technology company earns $19.38 million in net income (profit) each year or $0.54 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.