Key Points
- Digi International VP James Freeland sold 450 shares on May 26 at an average price of $68.00, totaling $30,600. After the sale, he still held 19,219 shares valued at about $1.31 million.
- The stock has been trading near its 52-week high, opening at $68.22, just below the one-year high of $69.81, and well above its 50-day and 200-day moving averages.
- Digi recently reported strong quarterly results, beating EPS and revenue estimates with 25.1% year-over-year revenue growth. Analysts currently rate the stock a Moderate Buy with a consensus target price of $66.20.
Digi International Inc. (NASDAQ:DGII - Get Free Report) VP James Freeland sold 450 shares of Digi International stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total value of $30,600.00. Following the transaction, the vice president owned 19,219 shares of the company's stock, valued at $1,306,892. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Digi International Price Performance
DGII opened at $68.22 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 60.37 and a beta of 0.94. The firm's fifty day moving average price is $56.48 and its two-hundred day moving average price is $48.83. Digi International Inc. has a 1 year low of $30.69 and a 1 year high of $69.81.
Digi International (NASDAQ:DGII - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The firm had revenue of $130.74 million for the quarter, compared to the consensus estimate of $125.03 million. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The business's revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, analysts anticipate that Digi International Inc. will post 2.11 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
DGII has been the topic of a number of analyst reports. Roth Mkm reaffirmed a "buy" rating and set a $70.00 price objective on shares of Digi International in a report on Thursday, May 7th. Craig Hallum boosted their target price on Digi International from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Piper Sandler boosted their target price on Digi International from $46.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Zacks Research upgraded Digi International from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Wall Street Zen upgraded Digi International from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 31st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.20.
Check Out Our Latest Research Report on DGII
Hedge Funds Weigh In On Digi International
A number of hedge funds and other institutional investors have recently modified their holdings of DGII. Ameriprise Financial Inc. boosted its stake in shares of Digi International by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company's stock worth $22,736,000 after buying an additional 46,659 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 purchasing an additional 339 shares during the period. Amalgamated Bank raised its holdings in shares of Digi International by 3.6% in the 3rd quarter. Amalgamated Bank now owns 10,894 shares of the technology company's stock worth $397,000 after purchasing an additional 380 shares during the period. Strs Ohio raised its holdings in shares of Digi International by 1,600.0% in the 3rd quarter. Strs Ohio now owns 6,800 shares of the technology company's stock worth $248,000 after purchasing an additional 6,400 shares during the period. Finally, 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 purchasing an additional 1,174 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.
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.
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