Digi International (NASDAQ:DGII) Reaches New 52-Week High – What’s Next?

Digi International Inc. (NASDAQ:DGII) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.81 and last traded at $49.64, with a volume of 388978 shares. The stock had previously closed at $48.94.

Wall Street Analyst Weigh In

DGII has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Digi International in a research note on Wednesday, December 24th. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Piper Sandler upped their price target on Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Craig Hallum reiterated a “buy” rating and issued a $50.00 price objective on shares of Digi International in a research report on Thursday, February 5th. Finally, Zacks Research downgraded shares of Digi International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Digi International presently has a consensus rating of “Hold” and a consensus price target of $49.80.

Digi International Price Performance

The stock has a fifty day moving average of $44.43 and a two-hundred day moving average of $39.59. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 44.32 and a beta of 0.85. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21.

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

Insider Activity at Digi International

In related news, VP David H. Sampsell sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total value of $228,700.00. Following the sale, the vice president owned 24,740 shares in the company, valued at $1,131,607.60. This represents a 16.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP James E. Freeland sold 1,355 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $45.84, for a total value of $62,113.20. Following the completion of the transaction, the vice president directly owned 19,987 shares of the company’s stock, valued at $916,204.08. The trade was a 6.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,805 shares of company stock worth $2,020,057 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Digi International

Large investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of Digi International by 2,215.1% in the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after buying an additional 1,174 shares in the last quarter. Lazard Asset Management LLC grew its stake in Digi International by 25.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after acquiring an additional 339 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Digi International by 1,530.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock valued at $123,000 after acquiring an additional 3,169 shares in the last quarter. LSV Asset Management acquired a new position in Digi International during the third quarter worth about $153,000. Finally, SG Americas Securities LLC acquired a new stake in Digi International during the 2nd quarter valued at $196,000. Institutional investors and hedge funds 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.