Digi International (NASDAQ:DGII) Sets New 52-Week High – Still a Buy?

Digi International Inc. (NASDAQ:DGII) hit a new 52-week high on Monday . The stock traded as high as $58.09 and last traded at $56.9410, with a volume of 310 shares changing hands. The stock had previously closed at $57.51.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler upped their price objective on shares of Digi International from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Craig Hallum reiterated a “buy” rating and set a $50.00 price objective on shares of Digi International in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Digi International in a report on Monday, March 23rd. Finally, Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.80.

Digi International Stock Up 0.1%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.24. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 51.33 and a beta of 0.94. The stock’s fifty day moving average is $51.43 and its two-hundred day moving average is $45.52.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Digi International had a net margin of 9.45% and a return on equity of 10.93%. The company had revenue of $122.46 million for the quarter, compared to analyst estimates of $115.90 million. During the same quarter in the prior year, the business posted $0.45 EPS. The firm’s 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. Sell-side analysts predict that Digi International Inc. will post 1.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Digi International news, VP James E. Freeland sold 1,355 shares of the company’s stock in a transaction dated 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 sale, the vice president directly owned 19,987 shares of the company’s stock, valued at approximately $916,204.08. This represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Satbir Khanuja sold 6,000 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 85,298 shares of the company’s stock, valued at $3,923,708. The trade was a 6.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 13,455 shares of company stock valued at $616,357. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Digi International

Institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in Digi International by 2,215.1% in the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock worth $45,000 after purchasing an additional 1,174 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Digi International by 25.1% during 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 period. Russell Investments Group Ltd. grew its position in shares of 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 during the period. LSV Asset Management bought a new position in shares of Digi International during the 3rd quarter valued at approximately $153,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Digi International during the 4th quarter valued at approximately $204,000. 95.90% of the stock is owned by institutional investors.

About Digi International

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.