Digi International (NASDAQ:DGII) Given New $48.00 Price Target at B. Riley

Digi International (NASDAQ:DGII) had its price target upped by B. Riley from $45.00 to $48.00 in a research note issued to investors on Thursday morning,Benzinga reports. B. Riley currently has a buy rating on the technology company’s stock.

Several other analysts also recently commented on DGII. Craig Hallum upgraded Digi International from a “hold” rating to a “buy” rating and raised their target price for the company from $30.00 to $45.00 in a research note on Thursday. Stephens reissued an “overweight” rating and issued a $50.00 price target on shares of Digi International in a research note on Tuesday, August 19th. Roth Capital boosted their price objective on shares of Digi International from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Digi International in a research note on Wednesday, October 8th. Finally, Piper Sandler lifted their price objective on Digi International from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.80.

Digi International Stock Performance

Shares of DGII traded down $0.15 during mid-day trading on Thursday, hitting $38.38. The stock had a trading volume of 239,226 shares, compared to its average volume of 192,792. The company’s fifty day simple moving average is $36.87 and its two-hundred day simple moving average is $34.45. The company has a market cap of $1.42 billion, a PE ratio of 33.67, a PEG ratio of 1.23 and a beta of 0.93. Digi International has a fifty-two week low of $22.39 and a fifty-two 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.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its holdings 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 worth $3,023,000 after buying an additional 107,464 shares in the last quarter. Herald Investment Management Ltd purchased a new position in Digi International during the first quarter worth approximately $2,226,000. Pacer Advisors Inc. raised its position in Digi International by 2,297.0% in the 1st quarter. Pacer Advisors Inc. now owns 238,019 shares of the technology company’s stock valued at $6,624,000 after purchasing an additional 228,089 shares in the last quarter. Geneva Capital Management LLC grew its stake in shares of 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 valued at $60,322,000 after purchasing an additional 95,756 shares during the last quarter. Finally, 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 acquiring an additional 2,000 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.