Digi International (NASDAQ:DGII) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Digi International Inc. (NASDAQ:DGII) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.89 and traded as high as $50.86. Digi International shares last traded at $49.65, with a volume of 305,967 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler increased their price target on shares of Digi International from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Craig Hallum restated a “buy” rating and set a $50.00 price objective on shares of Digi International in a research report on Thursday, February 5th. Stephens increased their target price on shares of Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Digi International in a research note on Wednesday, December 24th. Finally, Zacks Research cut shares of Digi International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Digi International presently has a consensus rating of “Hold” and a consensus price target of $49.80.

Digi International Stock Performance

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 $1.80 billion, a price-to-earnings ratio of 42.67 and a beta of 0.79. The stock’s 50 day moving average is $46.94 and its two-hundred day moving average is $42.03.

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

Insider Buying and Selling

In related news, Director Satbir Khanuja sold 6,000 shares of Digi International 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 directly owned 85,298 shares in the company, valued at $3,923,708. This trade represents a 6.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 directly owned 24,740 shares in the company, valued at $1,131,607.60. This represents a 16.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,455 shares of company stock valued at $616,357 over the last three months. 3.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DGII. Bessemer Group Inc. lifted its position in 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 purchasing an additional 1,174 shares during the period. Lazard Asset Management LLC raised its stake in shares of Digi International by 25.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after buying an additional 339 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Digi International by 1,530.9% in the 3rd 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 Digi International during the third quarter worth $153,000. Finally, SG Americas Securities LLC purchased a new position in Digi International in the second quarter worth $196,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

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.