Digi International (NASDAQ:DGII) Sets New 1-Year High – What’s Next?

Digi International Inc. (NASDAQ:DGII) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $48.01 and last traded at $47.4970, with a volume of 170368 shares changing hands. The stock had previously closed at $46.29.

Wall Street Analysts Forecast Growth

DGII has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on Digi International from $41.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Zacks Research cut Digi International from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of Digi International in a research note on Wednesday, December 24th. B. Riley Financial upped their price objective on Digi International from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Stephens raised their target price on Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 2nd. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Digi International has an average rating of “Hold” and a consensus price target of $49.80.

Digi International Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. The business’s 50-day simple moving average is $44.21 and its 200-day simple moving average is $39.10. The stock has a market cap of $1.82 billion, a PE ratio of 43.10 and a beta of 0.85.

Digi International (NASDAQ:DGII) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $122.46 million during the quarter, compared to the consensus estimate of $115.90 million. Digi International had a net margin of 9.45% and a return on equity of 10.93%. Digi International’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. On average, research analysts expect that Digi International Inc. will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Digi International news, VP David H. Sampsell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $45.74, for a total transaction of $228,700.00. Following the completion of the sale, the vice president directly owned 24,740 shares in the company, valued at approximately $1,131,607.60. This trade represents a 16.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Satbir Khanuja sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total transaction of $276,000.00. Following the completion of the transaction, the director owned 85,298 shares in the company, valued at approximately $3,923,708. This represents a 6.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 70,027 shares of company stock valued at $2,872,937. 3.40% of the stock is owned by insiders.

Institutional Trading of Digi International

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in shares of Digi International by 445.3% in the third quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company’s stock worth $1,118,000 after acquiring an additional 25,046 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Digi International in the second quarter worth approximately $4,293,000. Geneva Capital Management LLC grew its position in Digi International by 5.9% in the 2nd quarter. Geneva Capital Management LLC now owns 1,730,417 shares of the technology company’s stock worth $60,322,000 after purchasing an additional 95,756 shares during the period. KLP Kapitalforvaltning AS raised its stake in Digi International by 20.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,800 shares of the technology company’s stock valued at $272,000 after buying an additional 1,300 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Digi International during the 2nd quarter valued at $768,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.