Digi International Inc. (NASDAQ:DGII) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Digi International Inc. (NASDAQ:DGII) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $46.80.

DGII has been the topic of several recent research reports. B. Riley upped their price objective on shares of Digi International from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Digi International in a report on Wednesday, October 8th. Craig Hallum raised Digi International from a “hold” rating to a “buy” rating and increased their price target for the stock from $30.00 to $45.00 in a research report on Thursday. Piper Sandler lifted their price objective on Digi International from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Stephens restated an “overweight” rating and issued a $50.00 target price on shares of Digi International in a research note on Tuesday, August 19th.

Digi International Trading Down 0.4%

Shares of NASDAQ:DGII opened at $38.38 on Friday. Digi International has a 52-week low of $22.39 and a 52-week high of $44.79. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 1.23 and a beta of 0.93. 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 has a 50-day moving average price of $36.87 and a 200-day moving average price of $34.45.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, November 12th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The firm had revenue of $114.34 million for the quarter, compared to analyst estimates of $110.75 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Digi International’s revenue for the quarter 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. Equities analysts predict that Digi International will post 1.68 EPS for the current year.

Institutional Investors Weigh In On Digi International

Several hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its position in shares of Digi International by 2,297.0% in the first quarter. Pacer Advisors Inc. now owns 238,019 shares of the technology company’s stock valued at $6,624,000 after buying an additional 228,089 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Digi International in the 2nd quarter valued at $4,293,000. Jones Financial Companies Lllp grew its stake in Digi International by 9,344.7% in the 1st quarter. Jones Financial Companies Lllp now owns 108,614 shares of the technology company’s stock valued at $3,023,000 after acquiring an additional 107,464 shares during the period. Geneva Capital Management LLC increased its holdings in Digi International by 5.9% in the 2nd quarter. Geneva Capital Management LLC now owns 1,730,417 shares of the technology company’s stock worth $60,322,000 after acquiring an additional 95,756 shares in the last quarter. Finally, Herald Investment Management Ltd acquired a new position in Digi International during the first quarter worth $2,226,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.