Terrence Schneider Sells 14,182 Shares of Digi International (NASDAQ:DGII) Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence Schneider sold 14,182 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $65.61, for a total value of $930,481.02. Following the sale, the vice president owned 26,759 shares in the company, valued at approximately $1,755,657.99. The trade was a 34.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Digi International Stock Down 1.7%

Shares of Digi International stock opened at $64.22 on Friday. Digi International Inc. has a one year low of $30.69 and a one year high of $69.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77. The stock’s 50-day moving average is $53.49 and its 200 day moving average is $46.86. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 56.83 and a beta of 0.94.

Digi International (NASDAQ:DGII) last announced its 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. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The company had revenue of $130.74 million for the quarter, compared to analyst estimates of $125.03 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’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. Equities research analysts anticipate that Digi International Inc. will post 1.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DGII shares. Roth Mkm reiterated a “buy” rating and issued a $70.00 price target on shares of Digi International in a report on Thursday, May 7th. Craig Hallum increased their price target on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Piper Sandler increased their price target on Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Finally, Zacks Research upgraded Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Digi International presently has an average rating of “Moderate Buy” and a consensus target price of $66.20.

Institutional Trading of Digi International

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC raised its stake in shares of Digi International by 445.3% in the third quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company’s stock worth $1,118,000 after purchasing an additional 25,046 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Digi International by 47.2% in the third quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock worth $6,609,000 after purchasing an additional 58,100 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Digi International in the fourth quarter worth approximately $2,000,000. Herald Investment Management Ltd raised its stake in shares of Digi International by 25.0% in the third quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock worth $3,646,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Horizon Investments LLC purchased a new stake in shares of Digi International in the fourth quarter worth approximately $598,000. 95.90% of the stock is owned by hedge funds and other 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.