Digi International (NASDAQ:DGII) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Digi International (NASDAQ:DGII) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

DGII has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Digi International in a research note on Monday, March 23rd. Piper Sandler raised their price objective on Digi International from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Craig Hallum reissued a “buy” rating and issued a $50.00 price objective on shares of Digi International in a research note on Thursday, February 5th. Finally, Stephens lifted their target price on Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 2nd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.80.

Digi International Stock Up 4.2%

Digi International stock traded up $2.20 during mid-day trading on Monday, reaching $54.42. The stock had a trading volume of 49,593 shares, compared to its average volume of 303,780. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.24. Digi International has a fifty-two week low of $22.95 and a fifty-two week high of $55.60. The stock’s 50-day simple moving average is $48.45 and its 200-day simple moving average is $43.31. The firm has a market capitalization of $2.05 billion, a PE ratio of 48.58 and a beta of 0.85.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The firm had revenue of $122.46 million during the quarter, compared to analysts’ expectations of $115.90 million. During the same quarter last year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter 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 forecast that Digi International will post 1.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Digi International news, VP James E. Freeland sold 1,355 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $45.84, for a total value of $62,113.20. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David H. Sampsell sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total value of $228,700.00. Following the completion of the transaction, the vice president directly owned 24,740 shares in the company, valued at approximately $1,131,607.60. This represents a 16.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 13,455 shares of company stock valued at $616,357. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its position in Digi International by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after purchasing an additional 46,659 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Digi International by 6.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 193,155 shares of the technology company’s stock worth $8,362,000 after purchasing an additional 11,900 shares during the last quarter. Herald Investment Management Ltd boosted its position in Digi International by 25.0% in the third quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock worth $3,646,000 after purchasing an additional 20,000 shares during the last quarter. Leuthold Group LLC raised its stake 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 valued at $2,456,000 after buying an additional 264 shares during the period. Finally, GW&K Investment Management LLC bought a new stake in shares of Digi International in the fourth quarter valued at $2,410,000. Hedge funds and other 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.