James Freeland Sells 450 Shares of Digi International (NASDAQ:DGII) Stock

Digi International Inc. (NASDAQ:DGII) VP James Freeland sold 450 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total transaction of $30,600.00. Following the completion of the transaction, the vice president owned 19,219 shares in the company, valued at $1,306,892. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Digi International Stock Performance

Shares of Digi International stock opened at $66.75 on Friday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 59.07 and a beta of 0.94. Digi International Inc. has a 52 week low of $30.69 and a 52 week high of $69.81. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $56.82 and its two-hundred day moving average is $48.96.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $130.74 million for the quarter, compared to analyst estimates of $125.03 million. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The firm’s revenue was up 25.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Research analysts forecast that Digi International Inc. will post 2.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Craig Hallum increased their price target 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. Weiss Ratings lowered shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Stephens raised their target price on shares of Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.20.

Hedge Funds Weigh In On Digi International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Leuthold Group LLC lifted its holdings in Digi International by 0.5% in the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after acquiring an additional 264 shares during the period. Russell Investments Group Ltd. lifted its holdings in Digi International by 8.1% in the fourth quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock valued at $158,000 after acquiring an additional 273 shares during the period. Brooklyn Investment Group raised its stake in shares of Digi International by 5.9% during the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock worth $265,000 after buying an additional 331 shares during the last quarter. Lazard Asset Management LLC raised its stake 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 worth $58,000 after buying an additional 339 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of Digi International by 3.6% during the 3rd quarter. Amalgamated Bank now owns 10,894 shares of the technology company’s stock worth $397,000 after buying an additional 380 shares during the last quarter. 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.