Digi International (NASDAQ:DGII) Price Target Raised to $50.00 at Roth Capital

Digi International (NASDAQ:DGII) had its price target increased by Roth Capital from $45.00 to $50.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

DGII has been the topic of several other reports. Craig Hallum upgraded shares of Digi International from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $45.00 in a report on Thursday. Stephens restated an “overweight” rating and set a $50.00 target price on shares of Digi International in a research report on Tuesday, August 19th. B. Riley boosted their target price on shares of Digi International from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Digi International in a report on Wednesday, October 8th. Finally, Piper Sandler boosted their price objective on shares of Digi International from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.80.

Digi International Trading Down 0.4%

Shares of NASDAQ:DGII traded down $0.15 during trading on Thursday, hitting $38.38. The company had a trading volume of 239,226 shares, compared to its average volume of 192,792. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.43 and a quick ratio of 1.03. The company has a fifty day simple moving average of $36.87 and a two-hundred day simple moving average of $34.45. Digi International has a one year low of $22.39 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The company had revenue of $114.34 million during the quarter, compared to the consensus estimate of $110.75 million. During the same period last year, the company earned $0.52 earnings per share. Digi International’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. As a group, equities analysts forecast that Digi International will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Digi International

Large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position 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 buying an additional 1,174 shares during the last quarter. Lazard Asset Management LLC lifted 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 valued at $58,000 after acquiring an additional 339 shares during the last quarter. GAMMA Investing LLC lifted its position in Digi International by 67.8% during the second quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company’s stock valued at $59,000 after acquiring an additional 685 shares during the last quarter. Farther Finance Advisors LLC boosted its stake 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 valued at $71,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Digi International by 1,530.9% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after purchasing an additional 3,169 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

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.