Digi International (NASDAQ:DGII) Price Target Raised to $41.00

Digi International (NASDAQ:DGII) had its target price boosted by Piper Sandler from $36.00 to $41.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other analysts also recently issued research reports about the company. B. Riley raised their price objective on Digi International from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Craig Hallum raised Digi International from a “hold” rating to a “buy” rating and raised their target price for the stock from $30.00 to $45.00 in a research report on Thursday. Stephens reissued an “overweight” rating and issued a $50.00 price target on shares of Digi International in a report on Tuesday, August 19th. Roth Capital restated a “buy” rating on shares of Digi International in a research note on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Digi International in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.80.

Digi International Trading Down 0.4%

Digi International stock opened at $38.38 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.03 and a current ratio of 1.43. The business’s 50-day simple moving average is $36.87 and its 200-day simple moving average is $34.50. The firm has a market capitalization 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 52 week low of $22.39 and a 52 week high of $44.79.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.56 earnings per share for the quarter, beating 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 the consensus estimate of $110.75 million. During the same period in the prior year, the firm 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. Equities research analysts forecast that Digi International will post 1.68 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC grew its position in Digi International by 25.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after acquiring an additional 339 shares during the last quarter. Amalgamated Bank boosted its stake in Digi International by 3.6% in the third quarter. Amalgamated Bank now owns 10,894 shares of the technology company’s stock worth $397,000 after purchasing an additional 380 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 685 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Digi International by 2,215.1% in the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after buying an additional 1,174 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of Digi International by 20.0% in the second quarter. KLP Kapitalforvaltning AS now owns 7,800 shares of the technology company’s stock valued at $272,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Digi International Company Profile

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.