Digi International (NASDAQ:DGII) Stock Breaks Above 200 Day Moving Average – What’s Next?

Digi International Inc. (NASDAQ:DGII)’s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $65.47 and traded as high as $78.64. Digi International shares last traded at $78.22, with a volume of 364,345 shares traded.

Analysts Set New Price Targets

DGII has been the topic of a number of recent research reports. Roth Capital set a $90.00 price objective on shares of Digi International and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded Digi International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Zacks Research lowered shares of Digi International from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Stephens upped their target price on Digi International from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Piper Sandler raised their target price on Digi International from $63.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Digi International has a consensus rating of “Moderate Buy” and a consensus target price of $82.40.

Digi International Stock Performance

The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $73.82 and a two-hundred day moving average price of $65.66. The firm has a market cap of $2.89 billion, a PE ratio of 60.36 and a beta of 0.97.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $132.57 million. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. Research analysts forecast that Digi International Inc. will post 2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Digi International

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Digi International during the second quarter worth $445,526,000. Bank of America Corp DE acquired a new position in Digi International in the second quarter valued at $92,680,000. Port Capital LLC acquired a new position in Digi International in the 2nd quarter valued at $24,064,000. Bank of New York Mellon Corp purchased a new position in shares of Digi International during the 2nd quarter worth approximately $16,274,000. Finally, Hillsdale Investment Management Inc. lifted its holdings in Digi International by 3.4% in the first quarter. Hillsdale Investment Management Inc. now owns 199,635 shares of the technology company’s stock valued at $9,622,000 after acquiring an additional 6,480 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Digi International Company Profile

Digi International Inc (NASDAQ: DGII) provides business and industrial Internet of Things (IoT) connectivity solutions. Its products and services help organizations connect, monitor and manage devices, equipment and assets across distributed locations and networks.

The company’s offerings include cellular routers and gateways, embedded and system-on-module solutions, industrial networking equipment, console servers and other wireless connectivity products. Digi also provides device-management software, including its Digi Remote Manager platform, which supports the deployment, configuration, monitoring and maintenance of connected devices.

Digi serves customers in industries such as transportation, energy, industrial automation, healthcare, retail and government.