Digi International - DGII Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DGII shares.
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6 Wall Street analysts have issued 12 month price objectives for Digi International's stock. Their DGII share price forecasts range from $33.00 to $45.00. On average, they anticipate the company's share price to reach $39.33 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price.
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Digi International's stock was trading at $24.57 at the start of the year. Since then, DGII shares have increased by 33.5% and is now trading at $32.81.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
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Digi International Inc. (NASDAQ:DGII) posted its earnings results on Thursday, August, 4th. The technology company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.12. The technology company earned $104 million during the quarter, compared to the consensus estimate of $96.12 million. Digi International had a net margin of 3.53% and a trailing twelve-month return on equity of 6.82%. The company's revenue was up 31.5% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share.

Digi International issued an update on its fourth quarter 2022 earnings guidance on Thursday, August, 18th. The company provided earnings per share guidance of $0.41-$0.44 for the period, compared to the consensus estimate of $0.38. The company issued revenue guidance of $98.00 million-$102.00 million, compared to the consensus revenue estimate of $99.45 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 a variety of retail and institutional investors. Top institutional investors include Fort Washington Investment Advisors Inc. OH (1.57%), Essex Investment Management Co. LLC (1.16%), Teton Advisors Inc. (0.38%), Gamco Investors INC. ET AL (0.33%), Rhumbline Advisers (0.29%) and Dorsey & Whitney Trust CO LLC (0.22%). Insiders that own company stock include David H Sampsell, Kevin C Riley, Michael A Ueland, Terrence G Schneider and Tracy L Roberts.
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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.
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One share of DGII stock can currently be purchased for approximately $32.81.

Digi International (NASDAQ:DGII) has a market capitalization of $1.15 billion and generates $308.63 million in revenue each year. The technology company earns $10.37 million in net income (profit) each year or $0.36 on an earnings per share basis.

The company employs 659 workers across the globe.

Digi International was founded in 1985.

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.