Piper Sandler Issues Pessimistic Forecast for Digi International (NASDAQ:DGII) Stock Price

Digi International (NASDAQ:DGII) had its target price reduced by analysts at Piper Sandler from $76.00 to $67.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Piper Sandler‘s price target would suggest a potential upside of 0.06% from the stock’s current price.

DGII has been the subject of several other reports. Zacks Research cut Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Roth Capital set a $90.00 price objective on Digi International and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings cut Digi International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Stephens lifted their target price on Digi International from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, B. Riley Financial lifted their target price on Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.60.

Digi International Stock Up 2.9%

Digi International stock opened at $66.96 on Thursday. The stock has a market cap of $2.54 billion, a P/E ratio of 53.14 and a beta of 1.00. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. Digi International has a twelve month low of $35.15 and a twelve month high of $86.84. The company’s 50-day moving average price is $72.53 and its two-hundred day moving average price is $63.89.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, November 11th. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Digi International had a return on equity of 12.16% and a net margin of 9.63%. The company had revenue of $143.00 million during the quarter, compared to analysts’ expectations of $140.27 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. Digi International has set its Q1 2027 guidance at 0.710-0.750 EPS. As a group, analysts expect that Digi International will post 2.31 EPS for the current year.

Institutional Investors Weigh In On Digi International

A number of hedge funds and other institutional investors have recently made changes to their positions in DGII. Farther Finance Advisors LLC boosted its stake in shares of Digi International by 164.9% in the third quarter. Farther Finance Advisors LLC now owns 392 shares of the technology company’s stock valued at $30,000 after buying an additional 244 shares during the period. USA Financial Formulas grew its position in Digi International by 109.3% during the first quarter. USA Financial Formulas now owns 946 shares of the technology company’s stock worth $46,000 after buying an additional 494 shares in the last quarter. Sterling Capital Management LLC grew its position in Digi International by 467.8% during the third quarter. Sterling Capital Management LLC now owns 1,181 shares of the technology company’s stock worth $90,000 after buying an additional 973 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Digi International by 77.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,511 shares of the technology company’s stock worth $115,000 after acquiring an additional 661 shares during the period. Finally, Global Retirement Partners LLC bought a new position in Digi International during the 2nd quarter worth $154,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Recent Digi International Headlines

Investors following DGII have been watching these headlines:

• Positive Sentiment: Fiscal 2027 revenue guidance of $588.7 million to $615.5 million is above the $579 million consensus estimate, supporting the longer-term outlook.
• Neutral Sentiment: For fiscal Q1 2027, Digi forecast revenue of $140 million to $144 million and EPS of $0.71 to $0.75—ranges that broadly bracket analyst estimates of $140.5 million and $0.72.
• Negative Sentiment: Despite the quarterly beat and higher full-year revenue outlook, news coverage described the revenue guidance as weak, and investors reacted negatively after hours. The near-term outlook’s limited separation from consensus may have tempered enthusiasm for the strong Q4 results. Digi International shares fall after-hours

Digi International Company Profile

Digi International provides products and services for connecting, managing and securing devices used in the Internet of Things (IoT). Its offerings include cellular routers and gateways, embedded modules, console servers and other networking equipment, along with software and services for device management and remote monitoring. The company serves businesses and organizations across industries such as transportation, energy, healthcare, industrial automation and retail. Its solutions support deployments ranging from connected equipment and infrastructure to remote access and network management, with customers in markets around the world.