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

Shares of Digi International Inc. (NASDAQ:DGII) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $66.20.

A number of research analysts have issued reports on DGII shares. Zacks Research upgraded Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Piper Sandler boosted their price target on Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Stephens boosted their price target on Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Roth Mkm reiterated a “buy” rating and set a $70.00 price target on shares of Digi International in a research report on Thursday, May 7th. Finally, Craig Hallum boosted their price target on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th.

Insider Transactions at Digi International

In related news, VP David H. Sampsell sold 6,376 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.11, for a total transaction of $415,141.36. Following the completion of the transaction, the vice president owned 18,364 shares of the company’s stock, valued at $1,195,680.04. This trade represents a 25.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James J. Loch sold 100,000 shares of the firm’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 transaction, the chief financial officer directly owned 167,589 shares of the company’s stock, valued at $11,637,380.16. This represents a 37.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 121,008 shares of company stock worth $8,320,222. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in Digi International by 7.7% during 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 in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Digi International by 3.4% during the first quarter. Hillsdale Investment Management Inc. now owns 199,635 shares of the technology company’s stock valued at $9,622,000 after buying an additional 6,480 shares in the last quarter. Leuthold Group LLC boosted its stake in Digi International by 0.5% during the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after buying an additional 264 shares in the last quarter. GW&K Investment Management LLC bought a new position in Digi International during the fourth quarter valued at about $2,410,000. Finally, Campbell & CO Investment Adviser LLC boosted its stake in 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 valued at $2,055,000 after buying an additional 18,706 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Digi International Price Performance

Shares of NASDAQ DGII opened at $70.55 on Friday. Digi International has a twelve month low of $30.69 and a twelve month high of $71.55. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 62.43 and a beta of 0.98. The business has a 50 day simple moving average of $63.79 and a 200-day simple moving average of $52.88.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $130.74 million during the quarter, compared to the consensus estimate of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The firm’s revenue was up 25.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, equities research analysts expect that Digi International will post 2.11 earnings per share 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.