B. Riley Increases Earnings Estimates for Digi International

Digi International Inc. (NASDAQ:DGII - Free Report) - Analysts at B. Riley lifted their Q2 2025 earnings per share estimates for shares of Digi International in a research note issued to investors on Thursday, February 6th. B. Riley analyst J. Nichols now anticipates that the technology company will earn $0.40 per share for the quarter, up from their prior estimate of $0.38. The consensus estimate for Digi International's current full-year earnings is $1.65 per share. B. Riley also issued estimates for Digi International's Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.40 EPS and Q3 2026 earnings at $0.43 EPS.

DGII has been the subject of several other reports. Craig Hallum restated a "hold" rating and set a $32.00 price target (up from $28.00) on shares of Digi International in a research report on Thursday, November 14th. StockNews.com upgraded Digi International from a "buy" rating to a "strong-buy" rating in a report on Thursday, December 19th. Stephens reaffirmed an "overweight" rating and issued a $45.00 price target on shares of Digi International in a research note on Thursday, February 6th. Finally, Piper Sandler increased their price objective on Digi International from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.

Digi International Trading Up 1.0 %

Shares of Digi International stock traded up $0.36 during trading on Monday, reaching $34.79. The company's stock had a trading volume of 115,236 shares, compared to its average volume of 233,905. The company has a quick ratio of 1.13, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Digi International has a 52-week low of $20.17 and a 52-week high of $37.06. The firm's 50-day moving average is $31.44 and its two-hundred day moving average is $29.92. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 1.27 and a beta of 1.06.

Digi International (NASDAQ:DGII - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). Digi International had a return on equity of 11.16% and a net margin of 8.45%.

Hedge Funds Weigh In On Digi International

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in shares of Digi International by 108.0% during the 3rd quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company's stock worth $466,000 after acquiring an additional 8,788 shares during the period. Geneva Capital Management LLC grew its stake in Digi International by 5.0% in the third quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company's stock worth $45,560,000 after purchasing an additional 79,313 shares during the period. BNP Paribas Financial Markets grew its stake in Digi International by 51.8% in the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company's stock worth $664,000 after purchasing an additional 8,235 shares during the period. Captrust Financial Advisors raised its holdings in Digi International by 13.5% in the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company's stock worth $560,000 after purchasing an additional 2,418 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Digi International by 1.3% during the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company's stock valued at $24,074,000 after buying an additional 11,239 shares during the period. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Terrence G. Schneider sold 2,808 shares of Digi International stock in a transaction on Friday, November 29th. The shares were sold at an average price of $33.06, for a total value of $92,832.48. Following the sale, the vice president now owns 39,002 shares in the company, valued at $1,289,406.12. The trade was a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Satbir Khanuja sold 7,000 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $31.76, for a total transaction of $222,320.00. Following the transaction, the director now directly owns 83,255 shares in the company, valued at approximately $2,644,178.80. The trade was a 7.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,329 shares of company stock valued at $332,361 over the last ninety days. 3.30% of the stock is owned by insiders.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.