Digi International (NASDAQ:DGII) Sets New 12-Month High – Should You Buy?

Digi International Inc. (NASDAQ:DGII) shares reached a new 52-week high on Monday . The stock traded as high as $71.95 and last traded at $70.67, with a volume of 450 shares changing hands. The stock had previously closed at $70.55.

Analysts Set New Price Targets

Several brokerages have commented on DGII. Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Digi International in a research report on Thursday, May 7th. 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. Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Stephens lifted their price target on shares of Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Piper Sandler upped their price objective on Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

Digi International Stock Up 2.0%

The stock has a 50 day moving average of $63.79 and a 200-day moving average of $52.93. The firm has a market capitalization of $2.71 billion, a P/E ratio of 63.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.11.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share 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 analyst estimates of $125.03 million. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The company’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Research analysts predict that Digi International Inc. will post 2.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Digi International

In related news, VP James E. Freeland sold 450 shares of Digi International stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total value of $30,600.00. Following the completion of the transaction, the vice president directly owned 19,219 shares in the company, valued at approximately $1,306,892. The trade was a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Terrence G. Schneider sold 14,182 shares of the business’s stock in a transaction 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 directly owned 26,759 shares in the company, valued at $1,755,657.99. The trade was a 34.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 121,008 shares of company stock valued at $8,320,222. 3.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Digi International

Several institutional investors have recently made changes to their positions in DGII. Leuthold Group LLC boosted its holdings in shares of Digi International by 0.5% in the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock worth $2,456,000 after acquiring an additional 264 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Digi International by 8.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock valued at $158,000 after purchasing an additional 273 shares during the period. Brooklyn Investment Group raised its stake in shares of Digi International by 5.9% during the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock valued at $265,000 after purchasing an additional 331 shares during the period. Lazard Asset Management LLC lifted its holdings in Digi International by 25.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after purchasing an additional 339 shares in the last quarter. Finally, Verity Asset Management Inc. boosted its stake in Digi International by 7.5% in the 4th quarter. Verity Asset Management Inc. now owns 13,690 shares of the technology company’s stock worth $593,000 after purchasing an additional 951 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.