Key Points
- Digi International VP Terrence Schneider sold 14,182 shares on May 11 at an average price of $65.61, totaling about $930,481. After the sale, he still held 26,759 shares, a 34.64% reduction in his direct ownership.
- The stock rose 6.2% and opened at $65.33, near its 52-week high of $69.81. Digi International has also climbed well above its 50-day and 200-day moving averages.
- Recent earnings beat expectations, with Q3 revenue of $130.74 million and EPS of $0.62 versus consensus of $0.58. The company also raised guidance, while analysts currently rate the stock a “Moderate Buy” with a $66.20 consensus target price.
Digi International Inc. (NASDAQ:DGII - Get Free Report) VP Terrence Schneider sold 14,182 shares of the business's stock in a transaction on 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 directly owned 26,759 shares of the company's stock, valued at $1,755,657.99. This represents a 34.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Digi International Stock Up 6.2%
Shares of NASDAQ DGII opened at $65.33 on Thursday. Digi International Inc. has a 52-week low of $30.69 and a 52-week high of $69.81. The firm has a fifty day moving average of $53.21 and a 200-day moving average of $46.68. The stock has a market capitalization of $2.46 billion, a PE ratio of 57.81 and a beta of 0.94. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.
Digi International (NASDAQ:DGII - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The firm had revenue of $130.74 million during the quarter, compared to analysts' expectations of $125.03 million. During the same period in the prior year, the company earned $0.51 EPS. The firm'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. On average, analysts anticipate that Digi International Inc. will post 1.87 EPS for the current year.
Institutional Investors Weigh In On Digi International
A number of institutional investors have recently modified their holdings of the stock. Leuthold Group LLC raised its stake in shares of Digi International by 0.5% in the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company's stock valued at $2,456,000 after purchasing an additional 264 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Digi International by 8.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company's stock valued at $158,000 after buying an additional 273 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Digi International by 5.9% during the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company's stock valued at $265,000 after buying an additional 331 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Digi International by 25.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company's stock valued at $58,000 after buying an additional 339 shares during the last quarter. Finally, Amalgamated Bank grew its position in shares of Digi International by 3.6% during the 3rd quarter. Amalgamated Bank now owns 10,894 shares of the technology company's stock valued at $397,000 after buying an additional 380 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Zacks Research raised shares of Digi International from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Wall Street Zen raised shares of Digi International from a "buy" rating to a "strong-buy" rating in a research report on Saturday, January 31st. Roth Mkm reiterated a "buy" rating and issued a $70.00 price objective on shares of Digi International in a report on Thursday, May 7th. Stephens boosted their price objective on shares of Digi International from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Craig Hallum boosted their price objective on shares of Digi International from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.20.
View Our Latest Stock Report on DGII
About Digi International
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
