Digi International (NASDAQ:DGII) Hits New 1-Year High – Still a Buy?

Digi International Inc. (NASDAQ:DGII) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $51.94 and last traded at $51.30, with a volume of 75066 shares traded. The stock had previously closed at $50.56.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DGII shares. Craig Hallum restated a “buy” rating and set a $50.00 price objective on shares of Digi International in a research note on Thursday, February 5th. Zacks Research lowered Digi International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Stephens boosted their price target on Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Digi International in a research report on Monday, March 23rd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Digi International presently has an average rating of “Hold” and a consensus target price of $49.80.

Digi International Stock Up 3.1%

The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $48.28 and a 200-day simple moving average of $43.21. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 46.44 and a beta of 0.85.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.56 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $115.90 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company’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. As a group, analysts predict that Digi International Inc. will post 1.68 EPS for the current year.

Insider Transactions at Digi International

In other news, Director Satbir Khanuja sold 6,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total value of $276,000.00. Following the sale, the director owned 85,298 shares of the company’s stock, valued at approximately $3,923,708. The trade was a 6.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP James E. Freeland sold 1,355 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was 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 in the company, valued at $916,204.08. This represents a 6.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have 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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its position in shares of Digi International by 138.3% during the fourth quarter. Millennium Management LLC now owns 19,055 shares of the technology company’s stock worth $825,000 after purchasing an additional 11,059 shares during the period. Russell Investments Group Ltd. raised its position in shares of Digi International by 8.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock worth $158,000 after purchasing an additional 273 shares during the period. Captrust Financial Advisors raised its position in shares of Digi International by 15.2% during the fourth quarter. Captrust Financial Advisors now owns 18,204 shares of the technology company’s stock worth $788,000 after purchasing an additional 2,396 shares during the period. Brooklyn Investment Group raised its position in shares of Digi International by 5.9% during the fourth quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock worth $265,000 after purchasing an additional 331 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its position in shares of Digi International by 65.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 47,468 shares of the technology company’s stock worth $2,055,000 after purchasing an additional 18,706 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

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.