Digi International (NASDAQ:DGII) VP Sells $676,013.52 in Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence Schneider sold 16,667 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $40.56, for a total value of $676,013.52. Following the sale, the vice president directly owned 24,756 shares in the company, valued at $1,004,103.36. This trade represents a 40.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Digi International Stock Up 2.3%

NASDAQ:DGII traded up $0.94 during midday trading on Tuesday, hitting $41.84. 246,613 shares of the company were exchanged, compared to its average volume of 196,366. The company has a market capitalization of $1.55 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93. Digi International Inc. has a fifty-two week low of $22.39 and a fifty-two week high of $44.79. The company has a fifty day simple moving average of $37.47 and a 200 day simple moving average of $35.05. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.06.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.51 by $0.05. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The firm had revenue of $114.34 million during the quarter, compared to the consensus estimate of $110.75 million. During the same period in the prior year, the business earned $0.52 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of Digi International

A number of hedge funds have recently made changes to their positions in DGII. Pacer Advisors Inc. raised its stake in Digi International by 2,297.0% during the first quarter. Pacer Advisors Inc. now owns 238,019 shares of the technology company’s stock valued at $6,624,000 after buying an additional 228,089 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Digi International during the second quarter worth about $4,293,000. Jones Financial Companies Lllp lifted its holdings in Digi International by 9,344.7% in the first quarter. Jones Financial Companies Lllp now owns 108,614 shares of the technology company’s stock worth $3,023,000 after acquiring an additional 107,464 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in Digi International by 5.9% in the second quarter. Geneva Capital Management LLC now owns 1,730,417 shares of the technology company’s stock worth $60,322,000 after acquiring an additional 95,756 shares during the last quarter. Finally, Herald Investment Management Ltd acquired a new position in Digi International in the first quarter valued at approximately $2,226,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DGII shares. Piper Sandler upped their price target on Digi International from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. B. Riley boosted their price objective on shares of Digi International from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Craig Hallum raised shares of Digi International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $45.00 in a research report on Thursday, November 13th. Stephens restated an “overweight” rating and set a $50.00 target price on shares of Digi International in a report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Digi International in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.80.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.