Digi International (NASDAQ:DGII) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Digi International Inc. (NASDAQ:DGII) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.91 and traded as high as $68.70. Digi International shares last traded at $68.33, with a volume of 260,479 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DGII. Piper Sandler lifted their price objective on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Roth Mkm restated a “buy” rating and issued a $70.00 price objective on shares of Digi International in a report on Thursday, May 7th. Weiss Ratings cut shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Stephens lifted their price objective on shares of Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Digi International presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

Digi International Stock Up 0.5%

The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 60.78 and a beta of 0.98. The firm’s fifty day simple moving average is $60.60 and its 200 day simple moving average is $51.04.

Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The company had revenue of $130.74 million during the quarter, compared to analysts’ expectations of $125.03 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 25.1% on a year-over-year basis. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Sell-side analysts predict that Digi International Inc. will post 2.11 earnings per share for the current year.

Insider Activity at Digi International

In other news, VP David H. Sampsell sold 6,376 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total value of $415,141.36. Following the completion of the transaction, the vice president owned 18,364 shares in the company, valued at approximately $1,195,680.04. This represents a 25.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James J. Loch sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $69.44, for a total transaction of $6,944,000.00. Following the completion of the transaction, the chief financial officer owned 167,589 shares of the company’s stock, valued at approximately $11,637,380.16. The trade was a 37.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 121,008 shares of company stock worth $8,320,222. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DGII. Ameriprise Financial Inc. boosted its holdings in shares of Digi International by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock valued at $22,736,000 after buying an additional 46,659 shares in the last quarter. Lazard Asset Management LLC raised its position in Digi International by 25.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after purchasing an additional 339 shares during the last quarter. Bessemer Group Inc. raised its position in Digi International by 2,215.1% in the 3rd 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 last quarter. LSV Asset Management purchased a new stake in Digi International in the 3rd quarter valued at $153,000. Finally, Leuthold Group LLC raised its position in Digi International by 15.7% in the 3rd quarter. Leuthold Group LLC now owns 56,474 shares of the technology company’s stock valued at $2,059,000 after purchasing an additional 7,676 shares during the last quarter. 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.