Digi International (NASDAQ:DGII) Upgraded at Zacks Research

Zacks Research upgraded shares of Digi International (NASDAQ:DGII) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other analysts have also issued reports on DGII. Piper Sandler raised their target price on Digi International from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Digi International in a report on Monday, March 23rd. Stephens lifted their price objective on Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, January 2nd. Craig Hallum reissued a “buy” rating and set a $50.00 price objective on shares of Digi International in a report on Thursday, February 5th. Finally, Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a report 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.80.

Digi International Stock Performance

DGII opened at $54.16 on Monday. The firm has a market capitalization of $2.04 billion, a P/E ratio of 48.36 and a beta of 0.85. The stock’s 50 day moving average price is $48.64 and its two-hundred day moving average price is $43.39. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. Digi International has a 12-month low of $22.95 and a 12-month high of $55.60.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $122.46 million for the quarter, compared to analyst estimates of $115.90 million. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. On average, equities analysts forecast that Digi International will post 1.68 earnings per share for the current year.

Insider Transactions at Digi International

In other news, Director Satbir Khanuja sold 6,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $46.00, for a total value of $276,000.00. Following the sale, the director owned 85,298 shares of the company’s stock, valued at approximately $3,923,708. This represents a 6.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David H. Sampsell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total transaction of $228,700.00. Following the completion of the sale, the vice president directly owned 24,740 shares in the company, valued at approximately $1,131,607.60. The trade was a 16.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 13,455 shares of company stock valued at $616,357. 3.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Digi International

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in Digi International by 445.3% in the third quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company’s stock worth $1,118,000 after purchasing an additional 25,046 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Digi International by 47.2% in the third quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock worth $6,609,000 after purchasing an additional 58,100 shares in the last quarter. Herald Investment Management Ltd boosted its stake in Digi International by 25.0% in the third quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock worth $3,646,000 after purchasing an additional 20,000 shares in the last quarter. Horizon Investments LLC acquired a new position in Digi International in the fourth quarter worth $598,000. Finally, Verity Asset Management Inc. boosted its stake in Digi International by 7.5% in the fourth quarter. Verity Asset Management Inc. now owns 13,690 shares of the technology company’s stock worth $593,000 after purchasing an additional 951 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Digi International Company Profile

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.