Terrence Schneider Sells 14,182 Shares of Digi International (NASDAQ:DGII) Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence Schneider sold 14,182 shares of the company’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Digi International Trading Up 6.2%

NASDAQ DGII traded up $3.80 during trading on Wednesday, hitting $65.33. 467,030 shares of the company’s stock traded hands, compared to its average volume of 291,554. The stock has a fifty day moving average of $53.21 and a two-hundred day moving average of $46.68. 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 Inc. has a 12-month low of $30.69 and a 12-month high of $69.81. The firm has a market cap of $2.46 billion, a P/E ratio of 57.81 and a beta of 0.94.

Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating 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 business had revenue of $130.74 million during the quarter, compared to analyst estimates of $125.03 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s 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, sell-side analysts expect that Digi International Inc. will post 1.87 EPS for the current year.

Hedge Funds Weigh In On Digi International

Institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. raised its stake in Digi International by 2,215.1% in the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock worth $45,000 after buying an additional 1,174 shares in the last quarter. Lazard Asset Management LLC raised its stake in Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after buying an additional 339 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Digi International by 1,530.9% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after buying an additional 3,169 shares in the last quarter. LSV Asset Management bought a new position in Digi International in the third quarter worth about $153,000. Finally, FourThought Financial Partners LLC bought a new position in Digi International in the fourth quarter worth about $204,000. 95.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DGII has been the subject of several analyst reports. Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings lowered shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Roth Mkm restated a “buy” rating and set a $70.00 price target on shares of Digi International in a research report on Thursday, May 7th. Finally, Piper Sandler upped their price target on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

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.