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NASDAQ:DGII

Digi International - DGII Stock Forecast, Price & News

$35.83
+1.99 (+5.88%)
(As of 08/18/2022 03:59 PM ET)
Add
Compare
Today's Range
$34.77
$36.18
50-Day Range
$22.52
$34.78
52-Week Range
$18.54
$35.71
Volume
15,476 shs
Average Volume
332,376 shs
Market Capitalization
$1.26 billion
P/E Ratio
99.53
Dividend Yield
N/A
Price Target
$39.33

Digi International MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.5% Upside
$39.33 Price Target
Short Interest
Bearish
3.96% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.61mentions of Digi International in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$899,601 Sold Last Quarter
Proj. Earnings Growth
15.67%
From $1.34 to $1.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Computer And Technology Sector

233rd out of 667 stocks

Computer & Office Equipment Industry

8th out of 14 stocks

DGII stock logo

About Digi International (NASDAQ:DGII) Stock

Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand. The company provides embedded system products under the Digi Connect, ConnectCore, and Rabbit brands; and infrastructure management products, comprising of serial servers, which offers serial port-to-Ethernet integration of devices into wired Ethernet networks; and universal serial bus solutions. In addition, it offers Digi Remote Manager, a recurring revenue cloud-based service that provides a secure environment for customers to manage their connected device deployment; Digi Wireless Design Services; and SmartSense by Digi for monitoring wirelessly the temperature of food and other perishable or sensitive goods, monitor facilities or pharmacies by tracking the completion of operating tasks by employees, as well as quality control and incident management for food service, healthcare, and transportation/logistics industries. Further, the company provides professional services, such as site planning, implementation management, application development, and customer training; data plan subscriptions; and enhanced technical support services. Digi International Inc. was incorporated in 1985 and is headquartered in Hopkins, Minnesota.

Wall Street Analysts Forecast Growth

DGII has been the topic of a number of analyst reports. Craig Hallum lifted their price target on Digi International to $40.00 in a research note on Tuesday, August 9th. Canaccord Genuity Group lifted their price objective on Digi International from $30.00 to $41.00 in a research report on Monday, August 8th. Stephens initiated coverage on Digi International in a research report on Wednesday, June 1st. They issued an "overweight" rating and a $36.00 price objective on the stock. Canaccord Genuity Group lifted their price objective on Digi International from $30.00 to $41.00 and gave the stock a "buy" rating in a research report on Friday, August 5th. Finally, Piper Sandler lifted their price target on Digi International from $30.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Digi International presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.71.

Digi International Stock Performance

Shares of DGII opened at $33.84 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.79 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $26.71 and a two-hundred day simple moving average of $22.84. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 94.00, a PEG ratio of 1.49 and a beta of 1.41. Digi International has a 52 week low of $18.54 and a 52 week high of $35.71.

Digi International (NASDAQ:DGII - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The technology company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.12. Digi International had a return on equity of 6.82% and a net margin of 3.53%. The firm had revenue of $104.00 million during the quarter, compared to analyst estimates of $96.12 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The business's quarterly revenue was up 31.5% compared to the same quarter last year. On average, analysts expect that Digi International will post 1.34 EPS for the current year.

Insider Buying and Selling at Digi International

In other Digi International news, VP Tracy L. Roberts sold 11,250 shares of Digi International stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $25.46, for a total transaction of $286,425.00. Following the completion of the sale, the vice president now owns 53,957 shares of the company's stock, valued at approximately $1,373,745.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP David H. Sampsell sold 18,683 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $32.82, for a total value of $613,176.06. Following the transaction, the vice president now directly owns 72,726 shares in the company, valued at $2,386,867.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Tracy L. Roberts sold 11,250 shares of the business's stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $25.46, for a total value of $286,425.00. Following the completion of the sale, the vice president now directly owns 53,957 shares in the company, valued at approximately $1,373,745.22. The disclosure for this sale can be found here. Insiders own 3.80% of the company's stock.

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DGII Stock News Headlines

Digi International (NASDAQ:DGII) PT Raised to $41.00
Digi International Q3 Adj. Profit Rises
Digi International Q3 2022 Earnings Preview
Digi International Inc - Stock Chart
See More Headlines
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DGII Company Calendar

Last Earnings
8/04/2022
Today
8/18/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/09/2022

Industry, Sector and Symbol

Industry
Computer & office equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:DGII
CUSIP
25379810
Employees
659
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$39.33
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+9.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$10.37 million
Pretax Margin
2.66%

Debt

Sales & Book Value

Annual Sales
$308.63 million
Cash Flow
$0.97 per share
Book Value
$13.88 per share

Miscellaneous

Free Float
33,752,000
Market Cap
$1.26 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Mr. Ronald E. Konezny (Age 54)
    Pres, CEO & Director
    Comp: $786.58k
  • Mr. James J. Loch (Age 49)
    Exec. VP, CFO & Treasurer
    Comp: $422.67k
  • Ms. Tracy L. Roberts (Age 60)
    Sr. VP of Technology Services
    Comp: $352.4k
  • Mr. David H. Sampsell (Age 54)
    Exec. VP of Corp. Devel., Gen. Counsel & Corp. Sec.
    Comp: $371.16k
  • Mr. Brian G. Ballenger
    VP of Fin. & Accounting
  • Ms. Mandi Karasek
    VP of HR
  • Mr. Steve Ericson
    Sr. VP & GM of OEM Solutions
  • Mr. Justin O. Schmid
    Sr. VP & GM of Cellular Routers
  • Mr. Steve Glaser
    Sr. VP & GM of Ventus
  • Mr. Gary Marks (Age 64)
    Sr. VP & GM of Opengear













DGII Stock - Frequently Asked Questions

Should I buy or sell Digi International stock right now?

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.
View DGII analyst ratings
or view top-rated stocks.

What is Digi International's stock price forecast for 2022?

5 equities research analysts have issued twelve-month target prices for Digi International's stock. Their DGII share price forecasts range from $33.00 to $45.00. On average, they predict the company's stock price to reach $39.33 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price.
View analysts price targets for DGII
or view top-rated stocks among Wall Street analysts.

How have DGII shares performed in 2022?

Digi International's stock was trading at $24.57 at the beginning of 2022. Since then, DGII stock has increased by 37.7% and is now trading at $33.84.
View the best growth stocks for 2022 here
.

When is Digi International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our DGII earnings forecast
.

How were Digi International's earnings last quarter?

Digi International Inc. (NASDAQ:DGII) issued its quarterly earnings results on Thursday, August, 4th. The technology company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.12. The technology company had revenue of $104 million for the quarter, compared to analyst estimates of $96.12 million. Digi International had a trailing twelve-month return on equity of 6.82% and a net margin of 3.53%. The company's quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share.

What guidance has Digi International issued on next quarter's earnings?

Digi International issued an update on its fourth quarter 2022 earnings guidance on Thursday, August, 18th. The company provided earnings per share (EPS) guidance of $0.41-$0.44 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $98.00 million-$102.00 million, compared to the consensus revenue estimate of $99.45 million.

What is Ron Konezny's approval rating as Digi International's CEO?

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.

What other stocks do shareholders of Digi International own?

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).

What is Digi International's stock symbol?

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

Who are Digi International's major shareholders?

Digi International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fort Washington Investment Advisors Inc. OH (1.57%), Essex Investment Management Co. LLC (1.16%), Teton Advisors Inc. (0.38%), Gamco Investors INC. ET AL (0.33%), Rhumbline Advisers (0.29%) and Dorsey & Whitney Trust CO LLC (0.22%). Insiders that own company stock include David H Sampsell, Kevin C Riley, Michael A Ueland, Terrence G Schneider and Tracy L Roberts.
View institutional ownership trends
.

How do I buy shares of Digi International?

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.
Compare Top Brokerages Here.

What is Digi International's stock price today?

One share of DGII stock can currently be purchased for approximately $33.84.

How much money does Digi International make?

Digi International (NASDAQ:DGII) has a market capitalization of $1.19 billion and generates $308.63 million in revenue each year. The technology company earns $10.37 million in net income (profit) each year or $0.36 on an earnings per share basis.

How many employees does Digi International have?

The company employs 659 workers across the globe.

Does Digi International have any subsidiaries?
The following companies are subsidiares of Digi International: Accelerated Concepts.
Read More
When was Digi International founded?

Digi International was founded in 1985.

How can I contact Digi International?

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.

This page (NASDAQ:DGII) was last updated on 8/18/2022 by MarketBeat.com Staff

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