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

Shares of Digi International Inc. (NASDAQ:DGII) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $64.20.

Several equities analysts recently commented on the stock. Stephens increased their price objective on shares of Digi International from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday. Piper Sandler increased their price objective on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday. Craig Hallum increased their price objective on shares of Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Digi International in a research note on Monday, March 23rd. Finally, Roth Mkm reissued a “buy” rating and issued a $70.00 price objective on shares of Digi International in a research note on Thursday.

Digi International Price Performance

Shares of NASDAQ:DGII opened at $65.78 on Friday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 58.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $52.08 and a 200 day simple moving average of $45.98. Digi International has a one year low of $30.69 and a one year high of $69.81.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The business had revenue of $130.74 million during the quarter, compared to the consensus estimate of $125.03 million. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The firm’s revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Research analysts predict that Digi International will post 1.87 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Satbir Khanuja sold 6,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $46.00, for a total transaction of $276,000.00. Following the completion of the transaction, the director owned 85,298 shares of the company’s stock, valued at approximately $3,923,708. This trade represents a 6.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James E. Freeland sold 1,355 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $45.84, for a total transaction of $62,113.20. Following the transaction, the vice president directly owned 19,987 shares of the company’s stock, valued at $916,204.08. The trade was a 6.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,455 shares of company stock valued at $616,357. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Digi International

Large investors have recently modified their holdings of the business. Bessemer Group Inc. raised its stake in shares of Digi International by 2,215.1% during the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after acquiring an additional 1,174 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Digi International by 25.1% during the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after acquiring an additional 339 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Digi International by 1,530.9% during the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock valued at $123,000 after acquiring an additional 3,169 shares during the last quarter. LSV Asset Management bought a new position in shares of Digi International during the third quarter valued at $153,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Digi International during the fourth quarter valued at $204,000. Institutional investors own 95.90% of the company’s stock.

Digi International Company Profile

Digi International Inc is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi’s solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.