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

Digi International (NASDAQ:DGII) had its price objective boosted by equities research analysts at B. Riley from $45.00 to $48.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. B. Riley’s price objective would indicate a potential upside of 23.12% from the company’s current price.

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

Digi International Stock Performance

Shares of DGII traded up $3.02 on Thursday, reaching $38.99. 286,410 shares of the company’s stock traded hands, compared to its average volume of 191,893. The stock’s 50 day simple moving average is $36.71 and its two-hundred day simple moving average is $34.35. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.06. 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 $1.45 billion, a PE ratio of 34.08, a PEG ratio of 1.23 and a beta of 0.93.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, November 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. The firm had revenue of $114.34 million during the quarter, compared to analyst estimates of $110.75 million. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts forecast that Digi International will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of Digi International

Several large investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in Digi International by 2,297.0% during 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 during the last quarter. Herald Investment Management Ltd bought a new position in Digi International during the 1st quarter valued at approximately $2,226,000. Jones Financial Companies Lllp raised its stake in Digi International by 9,344.7% during the first quarter. Jones Financial Companies Lllp now owns 108,614 shares of the technology company’s stock valued at $3,023,000 after buying an additional 107,464 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Digi International by 5,263.2% in 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 in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Digi International by 67.8% in 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 last quarter. 95.90% of the stock is owned by institutional investors.

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.