Digi International (NASDAQ:DGII) Reaches New 52-Week High – Here’s What Happened

Digi International Inc. (NASDAQ:DGII) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $70.82 and last traded at $69.6520, with a volume of 22259 shares. The stock had previously closed at $69.06.

Wall Street Analyst Weigh In

Several analysts recently commented on DGII shares. Zacks Research upgraded Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Roth Mkm reiterated a “buy” rating and set a $70.00 price objective on shares of Digi International in a research report on Thursday, May 7th. Stephens lifted their target price on shares of Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Weiss Ratings cut shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, 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. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.20.

Digi International Stock Performance

The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 60.90 and a beta of 0.98. The company has a 50 day simple moving average of $62.92 and a 200-day simple moving average of $52.42. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

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

Insider Activity at Digi International

In other 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 value of $415,141.36. Following the completion of the sale, the vice president directly owned 18,364 shares in the company, valued at $1,195,680.04. This trade represents a 25.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP James E. Freeland sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total value of $30,600.00. Following the transaction, the vice president directly owned 19,219 shares in the company, valued at approximately $1,306,892. This trade represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 121,008 shares of company stock worth $8,320,222 over the last quarter. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Digi International

Several hedge funds and other institutional investors have recently modified their holdings of DGII. GW&K Investment Management LLC purchased a new stake in shares of Digi International during the 4th quarter valued at $2,410,000. Ameriprise Financial Inc. boosted its holdings in shares of Digi International by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after buying an additional 46,659 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Digi International during the fourth quarter valued at about $2,000,000. SG Americas Securities LLC grew its position in Digi International by 84.4% during the first quarter. SG Americas Securities LLC now owns 47,149 shares of the technology company’s stock valued at $2,273,000 after buying an additional 21,584 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its holdings 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 worth $2,055,000 after buying an additional 18,706 shares during the last quarter. Institutional investors 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.