Digi International (NASDAQ:DGII) Hits New 12-Month High – Here’s What Happened

Digi International Inc. (NASDAQ:DGII)’s share price reached a new 52-week high on Tuesday . The company traded as high as $56.25 and last traded at $56.1590, with a volume of 11828 shares trading hands. The stock had previously closed at $55.49.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DGII. Stephens increased their target price on shares of Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 2nd. Piper Sandler raised their price objective on shares of Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Craig Hallum reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Digi International in a report on Thursday, February 5th. Zacks Research raised shares of Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Wall Street Zen raised shares of Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Digi International has an average rating of “Moderate Buy” and an average price target of $49.80.

Digi International Stock Performance

The company’s fifty day moving average is $50.58 and its 200 day moving average is $44.64. The company has a market capitalization of $2.11 billion, a P/E ratio of 50.00 and a beta of 0.85. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $122.46 million during the quarter, compared to the consensus estimate of $115.90 million. Digi International had a net margin of 9.45% and a return on equity of 10.93%. Digi International’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. As a group, equities analysts anticipate that Digi International Inc. will post 1.87 earnings per share for the current year.

Insider Buying and Selling at Digi International

In other Digi International news, VP James E. Freeland sold 1,355 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $45.84, for a total value of $62,113.20. Following the completion of the transaction, the vice president directly owned 19,987 shares of the company’s stock, valued at $916,204.08. This trade represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David H. Sampsell sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $45.74, for a total transaction of $228,700.00. Following the completion of the transaction, the vice president directly owned 24,740 shares of the company’s stock, valued at approximately $1,131,607.60. The trade was a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,455 shares of company stock valued at $616,357 in the last three months. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Digi International by 445.3% in the 3rd quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company’s stock valued at $1,118,000 after purchasing an additional 25,046 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Digi International by 47.2% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock valued at $6,609,000 after purchasing an additional 58,100 shares during the period. Herald Investment Management Ltd boosted its holdings in Digi International by 25.0% in the 3rd 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. LSV Asset Management bought a new position in Digi International in the 3rd quarter valued at $153,000. Finally, Horizon Investments LLC bought a new position in Digi International in the 4th quarter valued at $598,000. 95.90% of the stock is owned by institutional investors.

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.