Digi International (DGII) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DGII shares.
View DGII analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 12-month price objectives for Digi International's stock. Their DGII share price forecasts range from $41.00 to $50.00. On average, they predict the company's stock price to reach $47.00 in the next year. This suggests a possible upside of 44.3% from the stock's current price.
View analysts price targets for DGII or view top-rated stocks among Wall Street analysts.

Digi International's stock was trading at $36.55 at the start of the year. Since then, DGII shares have decreased by 10.9% and is now trading at $32.57.
View the best growth stocks for 2023 here.

Digi International saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,950,000 shares, an increase of 11.4% from the April 15th total of 1,750,000 shares. Based on an average daily trading volume, of 279,300 shares, the days-to-cover ratio is currently 7.0 days.
View Digi International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our DGII earnings forecast.

Digi International Inc. (NASDAQ:DGII) announced its quarterly earnings results on Wednesday, November, 10th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. The technology company earned $79.11 million during the quarter, compared to analysts' expectations of $77.69 million. Digi International had a trailing twelve-month return on equity of 11.98% and a net margin of 6.29%. During the same period last year, the company earned $0.15 earnings per share.

ETFs with the largest weight of Digi International (NASDAQ:DGII) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), Invesco Dynamic Networking ETF (PXQ), SPDR S&P Telecom ETF (XTL), Invesco S&P SmallCap Information Technology ETF (PSCT), Inspire Fidelis Multi Factor ETF (FDLS), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Global X Internet of Things ETF (SNSR) and Invesco Dynamic Market ETF (PWC).

Digi International updated its third quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $0.47-$0.49 for the period, compared to the consensus EPS estimate of $0.47. The company issued revenue guidance of $107.00 million-$111.00 million, compared to the consensus revenue estimate of $108.81 million.

49 employees have rated Digi International Chief Executive Officer Ron Konezny on Glassdoor.com. Ron Konezny has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Digi International investors own include General Electric (GE), NVIDIA (NVDA), AT&T (T), Inovio Pharmaceuticals (INO), SeaChange International (SEAC), Block (SQ), Vista Outdoor (VSTO), Advanced Micro Devices (AMD), Actinium Pharmaceuticals (ATNM).

Digi International trades on the NASDAQ under the ticker symbol "DGII."

Digi International's stock is owned by many different institutional and retail investors. Top institutional investors include Geode Capital Management LLC (1.92%), Fort Washington Investment Advisors Inc. OH (1.10%), Bank of New York Mellon Corp (0.93%), Rhumbline Advisers (0.30%), Gamco Investors INC. ET AL (0.19%) and SG Americas Securities LLC (0.11%). Insiders that own company stock include David H Sampsell, James J Loch, Kevin C Riley, Ronald Konezny, Terrence G Schneider and Tracy L Roberts.
View institutional ownership trends.

Shares of DGII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of DGII stock can currently be purchased for approximately $32.57.

Digi International (NASDAQ:DGII) has a market capitalization of $1.17 billion and generates $388.23 million in revenue each year. The technology company earns $19.38 million in net income (profit) each year or $0.75 on an earnings per share basis.

The company employs 659 workers across the globe.

Digi International's mailing address is 9350 Excelsior Blvd. Suite 700, Hopkins MN, 55343. The official website for the company is www.digi.com. The technology company can be reached via phone at (952) 912-3444, via email at jamie.loch@digi.com, or via fax at 952-912-4952.