Key Points
- Insider sale: VP Terrence Schneider sold 4,208 shares at an average of $41.68 on Nov. 25 for $175,389, reducing his stake by 14.53% to 24,756 shares (SEC filing).
- Quarterly results: Digi reported $0.56 EPS and $114.34 million in revenue, beating estimates and showing revenue growth of 8.8% year-over-year.
- Market context: shares trade around $41.84 with a $1.55B market cap and a P/E of 36.7; analysts hold a Moderate Buy consensus with an average target of $46.80, and institutional investors own roughly 95.9% of the stock.
Digi International Inc. (NASDAQ:DGII - Get Free Report) VP Terrence Schneider sold 4,208 shares of the business's stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $41.68, for a total transaction of $175,389.44. Following the sale, the vice president owned 24,756 shares in the company, valued at $1,031,830.08. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Digi International Trading Up 2.3%
Shares of NASDAQ:DGII opened at $41.84 on Wednesday. The company has a 50 day moving average of $37.47 and a 200-day moving average of $35.05. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.55 billion, a P/E ratio of 36.70, a P/E/G ratio of 1.23 and a beta of 0.93. Digi International Inc. has a twelve month low of $22.39 and a twelve month high of $44.79.
Digi International (NASDAQ:DGII - Get Free Report) last announced its earnings results on Wednesday, November 12th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. The firm had revenue of $114.34 million for the quarter, compared to analysts' expectations of $110.75 million. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The firm's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.
Institutional Trading of Digi International
Large investors have recently added to or reduced their stakes in the company. Verity Asset Management Inc. purchased a new stake in shares of Digi International in the third quarter valued at $464,000. Millennium Management LLC acquired a new position in Digi International during the third quarter valued at $292,000. California State Teachers Retirement System raised its position in Digi International by 9.9% during the third quarter. California State Teachers Retirement System now owns 37,001 shares of the technology company's stock valued at $1,349,000 after buying an additional 3,343 shares during the period. Brooklyn Investment Group lifted its stake in Digi International by 3,880.3% in the 3rd quarter. Brooklyn Investment Group now owns 5,652 shares of the technology company's stock worth $206,000 after acquiring an additional 5,510 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Digi International by 48.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,018 shares of the technology company's stock worth $511,000 after acquiring an additional 4,594 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently commented on DGII shares. Roth Capital boosted their price objective on Digi International from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, November 13th. Piper Sandler lifted their target price on Digi International from $36.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, November 13th. Craig Hallum raised shares of Digi International from a "hold" rating to a "buy" rating and upped their price target for the company from $30.00 to $45.00 in a report on Thursday, November 13th. B. Riley raised their price objective on shares of Digi International from $45.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Digi International in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.80.
Check Out Our Latest Report on Digi International
Digi International Company Profile
(
Get Free Report)
Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.
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