Digi International Inc. (NASDAQ:DGII) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Digi International Inc. (NASDAQ:DGII) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $66.20.

DGII has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Craig Hallum boosted their price target on shares of Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Roth Mkm reissued a “buy” rating and set a $70.00 price target on shares of Digi International in a research report on Thursday, May 7th. Zacks Research raised shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Weiss Ratings cut shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th.

Digi International Stock Up 2.0%

NASDAQ:DGII opened at $69.82 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.11. The company has a market cap of $2.63 billion, a PE ratio of 61.79 and a beta of 0.98. Digi International has a 52-week low of $30.69 and a 52-week high of $70.79. The stock has a 50-day simple moving average of $57.20 and a 200 day simple moving average of $49.28.

Digi International (NASDAQ:DGII) 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 business had revenue of $130.74 million during the quarter, compared to the consensus estimate of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.Digi International’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the company 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 expect that Digi International will post 2.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Digi International news, VP Terrence G. Schneider sold 14,182 shares of the business’s stock in a transaction dated 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. The trade was a 34.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP David H. Sampsell sold 6,376 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.11, for a total transaction of $415,141.36. Following the sale, the vice president directly owned 18,364 shares in the company, valued at $1,195,680.04. This trade represents a 25.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 21,008 shares of company stock valued at $1,376,222 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of Digi International by 2,215.1% during 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 last quarter. Lazard Asset Management LLC increased its stake 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 worth $58,000 after purchasing an additional 339 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Digi International by 1,530.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after purchasing an additional 3,169 shares during the last quarter. LSV Asset Management acquired a new position in shares of Digi International during the 3rd quarter worth about $153,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Digi International during the 4th quarter worth about $204,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.