Digi International (NASDAQ:DGII) Hits New 1-Year High – Here’s Why

Digi International Inc. (NASDAQ:DGII)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $71.95 and last traded at $70.67, with a volume of 450 shares traded. The stock had previously closed at $70.55.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Piper Sandler increased their price target on Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings cut Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Stephens increased their target price on Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Craig Hallum raised their target price on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Roth Mkm restated a “buy” rating and set a $70.00 price target on shares of Digi International in a research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Digi International currently has a consensus rating of “Moderate Buy” and an average target price of $66.20.

Digi International Stock Performance

The business’s 50-day moving average price is $64.58 and its 200-day moving average price is $53.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.11. The stock has a market cap of $2.83 billion, a P/E ratio of 66.33 and a beta of 0.98.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $130.74 million for the quarter, compared to analysts’ expectations of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.Digi International’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, sell-side analysts expect that Digi International Inc. will post 2.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP James E. Freeland sold 450 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total value of $30,600.00. Following the transaction, the vice president owned 19,219 shares of the company’s stock, valued at $1,306,892. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David H. Sampsell sold 6,376 shares of Digi International stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total value of $415,141.36. Following the transaction, the vice president directly owned 18,364 shares in the company, valued at approximately $1,195,680.04. The trade was a 25.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 121,008 shares of company stock worth $8,320,222 over the last ninety days. 3.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Digi International

Several large investors have recently added to or reduced their stakes in DGII. Ameriprise Financial Inc. increased its stake in shares of Digi International by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after purchasing an additional 46,659 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Digi International by 3.4% during the 1st quarter. Hillsdale Investment Management Inc. now owns 199,635 shares of the technology company’s stock valued at $9,622,000 after buying an additional 6,480 shares in the last quarter. Leuthold Group LLC boosted its holdings in Digi International by 0.5% in the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock worth $2,456,000 after buying an additional 264 shares during the period. GW&K Investment Management LLC bought a new position in Digi International in the 4th quarter worth $2,410,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in Digi International by 65.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 47,468 shares of the technology company’s stock worth $2,055,000 after buying an additional 18,706 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 is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi’s solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.