Digi International (NASDAQ:DGII) Stock Rating Upgraded by Craig Hallum

Digi International (NASDAQ:DGII) was upgraded by equities research analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research note issued on Thursday, Marketbeat.com reports. The firm currently has a $45.00 price objective on the technology company’s stock, up from their prior price objective of $30.00. Craig Hallum’s target price suggests a potential upside of 17.25% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Digi International in a research note on Wednesday, October 8th. B. Riley upped their price objective on Digi International from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Piper Sandler increased their price objective on Digi International from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Stephens reissued an “overweight” rating and issued a $50.00 target price on shares of Digi International in a report on Tuesday, August 19th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Digi International in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.80.

Digi International Stock Down 0.4%

DGII stock opened at $38.38 on Thursday. Digi International has a one year low of $22.39 and a one year high of $44.79. The stock has a market capitalization of $1.42 billion, a PE 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 quick ratio of 1.03 and a current ratio of 1.43. The company has a fifty day moving average of $36.87 and a 200-day moving average of $34.45.

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. The business had revenue of $114.34 million for the quarter, compared to analyst estimates of $110.75 million. Digi International had a net margin of 10.14% and a return on equity of 10.96%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts expect that Digi International will post 1.68 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DGII. Bessemer Group Inc. raised its stake in shares of Digi International by 2,215.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock worth $45,000 after buying an additional 1,174 shares during the last quarter. Lazard Asset Management LLC increased its holdings 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 valued at $58,000 after acquiring an additional 339 shares in the last quarter. GAMMA Investing LLC raised 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 worth $59,000 after acquiring an additional 685 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of 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 purchasing an additional 2,000 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of 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 valued at $123,000 after purchasing an additional 3,169 shares in the last quarter. Hedge funds and other 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.