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

Key Points

• Digi International hit a new 52-week high intraday at $58.09 and was last trading around $56.94, though volume was very light (~310 shares).
• Quarterly results showed momentum: Digi beat EPS ($0.56 vs. $0.55) and revenue ($122.46M, +17.9% YoY) and set Q2 2026 guidance of $0.560–$0.590, while trading at a relatively high P/E of 51.3 and a $2.17B market cap.
• Analysts and insiders are mixed: the consensus rating is "Moderate Buy" with an average target of $49.80 (below the current price) amid four Buys and three Holds, and insiders sold ~13,455 shares last quarter while institutions own ~95.9% of the stock.

Digi International Inc. (NASDAQ:DGII - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $58.09 and last traded at $56.9410, with a volume of 310 shares trading hands. The stock had previously closed at $57.51.

Analyst Ratings Changes

A number of research firms have weighed in on DGII. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Digi International in a research note on Monday, March 23rd. Craig Hallum reaffirmed a "buy" rating and set a $50.00 target price on shares of Digi International in a research note on Thursday, February 5th. Wall Street Zen raised shares of Digi International from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 31st. Zacks Research raised shares of Digi International from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Piper Sandler boosted their target price 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. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Digi International currently has an average rating of "Moderate Buy" and a consensus price target of $49.80.

Digi International Trading Up 0.1%

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 company has a market cap of $2.17 billion, a P/E ratio of 51.33 and a beta of 0.94. The firm's 50 day moving average is $51.43 and its two-hundred day moving average is $45.52.

Digi International (NASDAQ:DGII - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $115.90 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Digi International's revenue for the quarter was up 17.9% on a year-over-year basis. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. As a group, equities research analysts anticipate that Digi International Inc. will post 1.87 EPS for the current year.

Insider Activity at Digi International

In related news, Director Satbir Khanuja sold 6,000 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $46.00, for a total value of $276,000.00. Following the transaction, the director owned 85,298 shares in the company, valued at $3,923,708. The trade was a 6.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David H. Sampsell sold 5,000 shares of the business's stock in a transaction on 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 transaction, the vice president 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. Insiders have sold a total of 13,455 shares of company stock worth $616,357 over the last quarter. Company insiders own 3.40% of the company's stock.

Hedge Funds Weigh In On Digi International

Several hedge funds and other institutional investors have recently bought and sold shares of DGII. Hillsdale Investment Management Inc. lifted its holdings 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 valued at $6,609,000 after buying an additional 58,100 shares during the period. GW&K Investment Management LLC acquired a new position in shares of Digi International during the fourth quarter valued at about $2,410,000. Ameriprise Financial Inc. raised its holdings in shares of Digi International by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company's stock valued at $22,736,000 after purchasing an additional 46,659 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Digi International during the fourth quarter valued at about $2,000,000. Finally, SG Americas Securities LLC raised its holdings in shares of Digi International by 445.3% during the third quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company's stock valued at $1,118,000 after purchasing an additional 25,046 shares during the period. 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.

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