Digi International Inc. (NASDAQ:DGII) Receives Average Rating of “Hold” from Brokerages

Digi International Inc. (NASDAQ:DGII) has been given an average rating of “Hold” by the seven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $49.80.

A number of analysts have recently weighed in on DGII shares. Craig Hallum reissued a “buy” rating and set a $50.00 price objective on shares of Digi International in a research note on Thursday, February 5th. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. B. Riley Financial increased their price target on shares of Digi International from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Roth Mkm raised their price target on shares of Digi International from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Piper Sandler upped their price objective on shares of Digi International from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, January 5th.

Insiders Place Their Bets

In related news, Director Satbir Khanuja sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total transaction of $276,000.00. Following the completion of the transaction, the director owned 85,298 shares in the company, valued at $3,923,708. This represents a 6.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David H. Sampsell sold 8,748 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $41.52, for a total value of $363,216.96. Following the completion of the sale, the vice president directly owned 31,757,255 shares of the company’s stock, valued at $1,318,561,227.60. The trade was a 0.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,411 shares of company stock worth $1,154,964 in the last quarter. 3.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Leuthold Group LLC lifted its position 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 worth $2,456,000 after purchasing an additional 264 shares during the period. Russell Investments Group Ltd. raised its stake in Digi International by 8.1% in the fourth quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock worth $158,000 after buying an additional 273 shares in the last quarter. Brooklyn Investment Group lifted its holdings in Digi International by 5.9% in the fourth quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock worth $265,000 after buying an additional 331 shares during the period. Lazard Asset Management LLC lifted its holdings in Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after buying an additional 339 shares during the period. Finally, Amalgamated Bank boosted its position in 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 acquiring an additional 380 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Digi International Stock Performance

NASDAQ DGII opened at $50.20 on Monday. The company has a 50-day simple moving average of $44.60 and a two-hundred day simple moving average of $39.91. Digi International has a 12-month low of $22.39 and a 12-month high of $51.78. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 44.82 and a beta of 0.85. 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 (NASDAQ:DGII) last released its earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $122.46 million during 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%.Digi International’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company 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 EPS for the current year.

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.