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

Shares of Digi International Inc. (NASDAQ:DGII) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $66.20.

DGII has been the topic of several research analyst reports. Zacks Research raised shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Craig Hallum boosted their target price on shares of Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Roth Mkm reissued a “buy” rating and set a $70.00 target price on shares of Digi International in a research report on Thursday, May 7th. Stephens boosted 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. Finally, Weiss Ratings downgraded shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th.

Digi International Stock Down 1.6%

Shares of Digi International stock opened at $66.18 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77. Digi International has a 1 year low of $30.69 and a 1 year high of $70.79. The firm’s 50-day moving average is $59.46 and its two-hundred day moving average is $50.53. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 58.57 and a beta of 0.98.

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

Insider Activity at Digi International

In other Digi International news, VP Terrence G. Schneider sold 14,182 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $65.61, for a total transaction of $930,481.02. Following the sale, the vice president owned 26,759 shares of the company’s stock, valued at approximately $1,755,657.99. The trade was a 34.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James J. Loch sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total transaction of $6,944,000.00. Following the sale, the chief financial officer directly owned 167,589 shares in the company, valued at approximately $11,637,380.16. This represents a 37.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 121,008 shares of company stock worth $8,320,222 in the last quarter. 3.40% of the stock is currently owned by company insiders.

Institutional Trading of Digi International

Institutional investors and hedge funds have recently bought and sold shares of the business. Hillsdale Investment Management Inc. lifted its stake in Digi International by 47.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock valued at $6,609,000 after acquiring an additional 58,100 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Digi International during the fourth quarter valued at $2,000,000. Herald Investment Management Ltd lifted its position in Digi International by 25.0% during the third quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock valued at $3,646,000 after purchasing an additional 20,000 shares during the period. Legato Capital Management LLC lifted its position in Digi International by 183.1% during the fourth quarter. Legato Capital Management LLC now owns 17,436 shares of the technology company’s stock valued at $755,000 after purchasing an additional 11,276 shares during the period. Finally, Horizon Investments LLC acquired a new position in shares of Digi International in the 4th quarter valued at about $598,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.