Digi International (NASDAQ:DGII) Sets New 12-Month High – Here’s Why

Digi International Inc. (NASDAQ:DGII)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $48.01 and last traded at $47.4970, with a volume of 170368 shares traded. The stock had previously closed at $46.29.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DGII. Roth Mkm upped their price target on Digi International from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Stephens upped their target price on shares of Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 2nd. Zacks Research downgraded shares of Digi International from a “hold” rating to a “strong sell” rating in a research note on Tuesday. B. Riley Financial lifted their target price on shares of Digi International from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. 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 research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.80.

Digi International Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.24. The company has a fifty day moving average price of $44.21 and a two-hundred day moving average price of $39.10. The company has a market cap of $1.82 billion, a P/E ratio of 43.10 and a beta of 0.85.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Digi International had a net margin of 9.45% and a return on equity of 10.93%. The company had revenue of $122.46 million for the quarter, compared to analysts’ expectations of $115.90 million. During the same period in the prior year, the firm earned $0.45 EPS. Digi International’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. On average, sell-side analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Digi International

In other Digi International news, VP James E. Freeland sold 1,355 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $45.84, for a total transaction of $62,113.20. Following the completion of the transaction, the vice president owned 19,987 shares of the company’s stock, valued at approximately $916,204.08. The trade was a 6.35% 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 the SEC website. Also, VP Terrence G. Schneider sold 4,208 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $41.68, for a total transaction of $175,389.44. Following the completion of the sale, the vice president owned 24,756 shares in the company, valued at $1,031,830.08. This represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 70,027 shares of company stock worth $2,872,937 over the last quarter. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Digi International

Hedge funds have recently modified their holdings of the business. Leuthold Group LLC raised its holdings in Digi International by 0.5% during the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock worth $2,456,000 after purchasing an additional 264 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Digi International by 5.9% in the fourth quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock valued at $265,000 after buying an additional 331 shares during the period. Lazard Asset Management LLC boosted its position in Digi International by 25.1% during the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after acquiring an additional 339 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Digi International by 3.6% in the 3rd quarter. Amalgamated Bank now owns 10,894 shares of the technology company’s stock valued at $397,000 after purchasing an additional 380 shares during the period. Finally, Verity Asset Management Inc. lifted its stake in shares of Digi International by 7.5% in the 4th quarter. Verity Asset Management Inc. now owns 13,690 shares of the technology company’s stock valued at $593,000 after purchasing an additional 951 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.