Key Points
- Digi International CFO James Loch sold 100,000 shares on June 2 at an average price of $69.44, totaling about $6.94 million. After the sale, he still held 167,589 shares, and the trade reduced his ownership by 37.37%.
- The company recently posted stronger-than-expected quarterly results, earning $0.62 per share versus the $0.58 consensus estimate and generating $130.74 million in revenue, up 25.1% year over year. Digi also raised its Q3 2026 EPS guidance to $0.65-$0.68.
- Analyst sentiment remains constructive, with four Buy ratings and three Hold ratings, giving Digi International a consensus rating of "Moderate Buy." The average price target stands at $66.20, while some firms have recently raised targets as high as $75.
Digi International Inc. (NASDAQ:DGII - Get Free Report) CFO James Loch sold 100,000 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total value of $6,944,000.00. Following the completion of the transaction, the chief financial officer directly owned 167,589 shares of the company's stock, valued at approximately $11,637,380.16. This trade represents a 37.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Digi International Stock Performance
NASDAQ DGII opened at $69.25 on Friday. Digi International Inc. has a fifty-two week low of $30.69 and a fifty-two week high of $70.79. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 61.28 and a beta of 0.98. The business has a fifty day moving average of $58.41 and a 200-day moving average of $49.94. 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 released 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 return on equity of 11.28% and a net margin of 9.10%.The company had revenue of $130.74 million during the quarter, compared to analysts' expectations of $125.03 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business's revenue for the quarter was up 25.1% compared to the same quarter last year. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, analysts predict that Digi International Inc. will post 2.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Digi International
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in shares of Digi International by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company's stock valued at $22,736,000 after purchasing an additional 46,659 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of Digi International by 3.4% in the first quarter. Hillsdale Investment Management Inc. now owns 199,635 shares of the technology company's stock valued at $9,622,000 after purchasing an additional 6,480 shares during the period. Herald Investment Management Ltd grew its position in shares of Digi International by 25.0% in the third 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. Leuthold Group LLC grew its position in Digi International by 0.5% during the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company's stock valued at $2,456,000 after acquiring an additional 264 shares during the period. Finally, GW&K Investment Management LLC purchased a new stake in Digi International during the fourth quarter valued at about $2,410,000. Hedge funds and other institutional investors own 95.90% of the company's stock.
Analysts Set New Price Targets
DGII has been the subject of a number of analyst reports. Zacks Research raised Digi International from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. Weiss Ratings downgraded Digi International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, May 11th. Craig Hallum lifted their price objective on Digi International from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Roth Mkm reaffirmed a "buy" rating and issued a $70.00 price objective on shares of Digi International in a research report on Thursday, May 7th. Finally, Piper Sandler lifted their price objective on Digi International from $46.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.20.
View Our Latest Research 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.
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