Digi International Inc. (NASDAQ:DGII) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Digi International Inc. (NASDAQ:DGII) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $66.20.

DGII has been the topic of several recent research reports. Weiss Ratings cut shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research raised shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Craig Hallum increased their price objective on shares of Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Piper Sandler lifted their price objective on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Stephens boosted their price objective on shares of Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th.

Insider Buying and Selling

In other Digi International news, CFO James J. Loch sold 100,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $69.44, for a total value of $6,944,000.00. Following the completion of the transaction, the chief financial officer directly owned 167,589 shares in the company, valued at approximately $11,637,380.16. The trade was a 37.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Terrence G. Schneider sold 14,182 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $65.61, for a total transaction of $930,481.02. Following the completion of the sale, the vice president owned 26,759 shares in the company, valued at $1,755,657.99. This represents a 34.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 121,008 shares of company stock valued at $8,320,222. 3.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Digi International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GW&K Investment Management LLC purchased a new position in shares of Digi International in the fourth quarter worth about $2,410,000. Ameriprise Financial Inc. boosted its position in Digi International by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock valued at $22,736,000 after buying an additional 46,659 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Digi International in the fourth quarter valued at approximately $2,000,000. SG Americas Securities LLC increased its holdings in Digi International by 84.4% in the 1st quarter. SG Americas Securities LLC now owns 47,149 shares of the technology company’s stock worth $2,273,000 after buying an additional 21,584 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its holdings 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 during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Digi International Trading Down 2.7%

DGII stock opened at $72.15 on Friday. Digi International has a 12 month low of $30.69 and a 12 month high of $76.41. The firm’s 50-day moving average is $65.28 and its 200 day moving average is $53.69. The company has a market capitalization of $2.72 billion, a PE ratio of 63.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77.

Digi International (NASDAQ:DGII) last issued 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. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The business had revenue of $130.74 million for the quarter, compared to the consensus estimate of $125.03 million. During the same period in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. On average, research analysts anticipate that Digi International will post 2.11 EPS for the current year.

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.