Digi International (NASDAQ:DGII) Given New $41.00 Price Target at Piper Sandler

Digi International (NASDAQ:DGII) had its price target raised by equities researchers at Piper Sandler from $36.00 to $41.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Piper Sandler’s price target would suggest a potential upside of 5.30% from the company’s current price.

Several other research analysts have also issued reports on DGII. Roth Capital reiterated a “buy” rating on shares of Digi International in a research report on Thursday, August 7th. Craig Hallum upgraded shares of Digi International from a “hold” rating to a “buy” rating and upped their target price for the company from $30.00 to $45.00 in a research note on Thursday. Stephens reiterated an “overweight” rating and issued a $50.00 price target on shares of Digi International in a research note on Tuesday, August 19th. B. Riley boosted their target price on shares of Digi International from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Digi International in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Digi International currently has a consensus rating of “Moderate Buy” and an average target price of $45.20.

Digi International Stock Up 8.2%

Digi International stock traded up $2.97 during midday trading on Thursday, hitting $38.94. 233,223 shares of the stock were exchanged, compared to its average volume of 191,662. Digi International has a 52-week low of $22.39 and a 52-week high of $44.79. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $36.71 and its 200-day moving average price is $34.35. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The business had revenue of $114.34 million for the quarter, compared to analysts’ expectations of $110.75 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts expect that Digi International will post 1.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Digi International

Several institutional investors and hedge funds have recently bought and sold shares of DGII. Bessemer Group Inc. boosted its position in shares of Digi International by 2,215.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock worth $45,000 after purchasing an additional 1,174 shares during the period. Lazard Asset Management LLC increased its stake in Digi International by 25.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after buying an additional 339 shares during the period. GAMMA Investing LLC grew its holdings in Digi International by 67.8% during the second quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company’s stock worth $59,000 after acquiring an additional 685 shares during the period. Farther Finance Advisors LLC boosted its position in Digi International by 5,263.2% during the second quarter. Farther Finance Advisors LLC now owns 2,038 shares of the technology company’s stock worth $71,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Digi International by 1,530.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock valued at $123,000 after buying an additional 3,169 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, 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.