Digi International (NASDAQ:DGII) Stock Rating Upgraded by Zacks Research

Digi International (NASDAQ:DGII) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Craig Hallum restated a “buy” rating and set a $50.00 price objective on shares of Digi International in a research note on Thursday, February 5th. Stephens increased their price objective on shares of Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, January 2nd. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Piper Sandler increased their price objective on shares of Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Digi International in a research note on Monday, March 23rd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.80.

Digi International Stock Up 3.7%

Shares of Digi International stock traded up $1.91 during trading hours on Monday, reaching $54.13. 57,857 shares of the company’s stock were exchanged, compared to its average volume of 304,065. The company has a 50 day moving average of $48.45 and a two-hundred day moving average of $43.31. Digi International has a fifty-two week low of $22.95 and a fifty-two week high of $55.60. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.04 billion, a P/E ratio of 48.59 and a beta of 0.85.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Digi International had a net margin of 9.45% and a return on equity of 10.93%. The company had revenue of $122.46 million during the quarter, compared to the consensus estimate of $115.90 million. During the same period in the prior year, the business posted $0.45 EPS. The company’s quarterly revenue was up 17.9% on a year-over-year basis. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. On average, sell-side analysts forecast that Digi International will post 1.68 EPS for the current fiscal year.

Insider Activity at Digi International

In related news, VP James E. Freeland sold 1,355 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $45.84, for a total value of $62,113.20. Following the completion of the sale, the vice president directly owned 19,987 shares in the company, valued at approximately $916,204.08. This trade represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David H. Sampsell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were 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 owned 24,740 shares of the company’s stock, valued at $1,131,607.60. This trade represents a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 13,455 shares of company stock worth $616,357. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Digi International

Several hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in Digi International by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after acquiring an additional 46,659 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Digi International by 6.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 193,155 shares of the technology company’s stock worth $8,362,000 after acquiring an additional 11,900 shares during the last quarter. Herald Investment Management Ltd lifted its position in Digi International by 25.0% during the third quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock worth $3,646,000 after acquiring an additional 20,000 shares during the last quarter. Leuthold Group LLC lifted 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 worth $2,456,000 after acquiring an additional 264 shares during the last quarter. Finally, GW&K Investment Management LLC acquired a new stake in Digi International during the fourth quarter worth approximately $2,410,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.