Digi International Inc. (NASDAQ:DGII – Get Free Report) CFO James Loch sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $69.44, for a total value of $6,944,000.00. Following the completion of the sale, the chief financial officer directly owned 167,589 shares of the company’s stock, valued at $11,637,380.16. This represents a 37.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Digi International Stock Up 1.9%
DGII opened at $69.25 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77. The business has a 50 day simple moving average of $58.41 and a 200-day simple moving average of $49.94. The stock has a market capitalization of $2.61 billion, a P/E ratio of 61.28 and a beta of 0.98. Digi International Inc. has a 12 month low of $30.69 and a 12 month high of $70.79.
Digi International (NASDAQ:DGII – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The business had revenue of $130.74 million during the quarter, compared to analysts’ expectations of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. On average, equities analysts anticipate that Digi International Inc. will post 2.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Digi International
Analyst Ratings Changes
Several analysts have recently commented on DGII shares. Roth Mkm reissued a “buy” rating and issued a $70.00 price target on shares of Digi International in a report on Thursday, May 7th. Craig Hallum lifted their price objective on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings cut Digi International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Piper Sandler lifted their price objective on Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Stephens lifted their price objective on Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.20.
Check Out Our Latest Research Report on Digi International
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.
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