Digi International (NASDAQ:DGII) Reaches New 52-Week High - Still a Buy?

Key Points

• Shares hit a new 52-week high — Digi traded as high as $55.70 on Tuesday (last $55.60) on roughly 36,801 shares, above its 50- and 200-day moving averages of $49.24 and $43.79.
• Quarterly results beat estimates — Digi reported $0.56 EPS versus a $0.55 estimate and revenue of $122.46M versus $115.90M, with revenue up 17.9% year-over-year and Q2 2026 EPS guidance of $0.560–$0.590.
• Analyst sentiment is mixed but positive overall — MarketBeat shows a consensus rating of "Moderate Buy" with a $49.80 target (below the current price), while several analysts have upgraded ratings and insiders have recently sold shares.

Shares of Digi International Inc. (NASDAQ:DGII - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $55.70 and last traded at $55.60, with a volume of 36801 shares trading hands. The stock had previously closed at $55.12.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen raised Digi International from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 31st. Piper Sandler boosted their price target on Digi International from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Monday, January 5th. Zacks Research raised Digi International from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Stephens boosted their price target on Digi International from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, January 2nd. Finally, Craig Hallum reissued a "buy" rating and set a $50.00 target price on shares of Digi International in a research note on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.80.

Digi International Stock Performance

The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 49.74 and a beta of 0.85. The company has a 50 day simple moving average of $49.24 and a 200 day simple moving average of $43.79.

Digi International (NASDAQ:DGII - Get Free Report) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $122.46 million during the quarter, compared to the consensus estimate of $115.90 million. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The business's quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. As a group, equities research analysts forecast that Digi International Inc. will post 1.68 EPS for the current year.

Insiders Place Their Bets

In other Digi International news, VP David H. Sampsell sold 5,000 shares of the business'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 transaction, the vice president owned 24,740 shares of the company's stock, valued at approximately $1,131,607.60. The trade was a 16.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Satbir Khanuja sold 6,000 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total value of $276,000.00. Following the transaction, the director directly owned 85,298 shares of the company's stock, valued at approximately $3,923,708. The trade was a 6.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 13,455 shares of company stock valued at $616,357. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in shares of Digi International by 2,215.1% in the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company's stock valued at $45,000 after buying an additional 1,174 shares during the period. Lazard Asset Management LLC increased its stake in shares of Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company's stock valued at $58,000 after buying an additional 339 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Digi International by 1,530.9% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company's stock valued at $123,000 after buying an additional 3,169 shares during the period. LSV Asset Management acquired a new position in shares of Digi International in the third quarter valued at approximately $153,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Digi International in the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 95.90% of the company's stock.

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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