Brokerages Set Digi International Inc. (NASDAQ:DGII) Price Target at $49.80

Digi International Inc. (NASDAQ:DGII) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $49.80.

A number of equities research analysts have weighed in on the company. Zacks Research lowered Digi International from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Piper Sandler boosted their target price on shares of Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Stephens boosted their target price on shares of Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 2nd. Finally, Craig Hallum reiterated a “buy” rating and issued a $50.00 price target on shares of Digi International in a report on Thursday, February 5th.

Insider Transactions at Digi International

In related news, Director Satbir Khanuja sold 6,000 shares of Digi International stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total transaction of $276,000.00. Following the completion of the transaction, the director directly owned 85,298 shares of the company’s stock, valued at approximately $3,923,708. The trade was a 6.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP David H. Sampsell sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total value of $228,700.00. Following the sale, the vice president owned 24,740 shares in the company, valued at approximately $1,131,607.60. The trade was a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,455 shares of company stock valued at $616,357 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in Digi International by 2,215.1% in the 3rd 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 position in Digi International by 25.1% during the second 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. Russell Investments Group Ltd. raised its position in 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 worth $123,000 after acquiring an additional 3,169 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Digi International in the third quarter valued at about $153,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Digi International in the second quarter valued at about $196,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Digi International Price Performance

DGII stock opened at $49.60 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 0.90. Digi International has a 12 month low of $22.39 and a 12 month high of $51.78. The company has a fifty day moving average price of $47.23 and a 200 day moving average price of $42.36. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 44.29 and a beta of 0.79.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The firm had revenue of $122.46 million for the quarter, compared to analysts’ expectations of $115.90 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. Sell-side analysts expect that Digi International will post 1.68 earnings per share for the current year.

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.