Digi International (NASDAQ:DGII) VP Sells $30,600.00 in Stock

Digi International Inc. (NASDAQ:DGII) VP James Freeland sold 450 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total transaction of $30,600.00. Following the completion of the transaction, the vice president 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 document filed with the Securities & Exchange Commission, which is available through the SEC website.

Digi International Trading Up 2.0%

DGII stock traded up $1.34 during midday trading on Thursday, hitting $68.22. The stock had a trading volume of 461,300 shares, compared to its average volume of 332,070. The firm has a market cap of $2.57 billion, a P/E ratio of 60.37 and a beta of 0.94. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. Digi International Inc. has a 1-year low of $30.69 and a 1-year high of $69.81. The business has a fifty day moving average price of $56.48 and a two-hundred day moving average price of $48.83.

Digi International (NASDAQ:DGII) last released its 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. The business had revenue of $130.74 million for 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%. Digi International’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. On average, sell-side analysts predict that Digi International Inc. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DGII. Stephens boosted their target price on shares of Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Piper Sandler upped their price objective on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings lowered shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Craig Hallum boosted their target price on Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research report 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.20.

Institutional Investors Weigh In On Digi International

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its holdings in shares of Digi International by 2,215.1% in the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock worth $45,000 after acquiring an additional 1,174 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Digi International by 25.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after acquiring an additional 339 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Digi International by 1,530.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after acquiring an additional 3,169 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Digi International in the 3rd quarter worth about $153,000. Finally, FourThought Financial Partners LLC purchased a new stake in Digi International in the 4th quarter valued at about $204,000. Institutional investors and hedge funds 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.