Digi International (NASDAQ:DGII) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Digi International Inc. (NASDAQ:DGII) passed 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 Upgrades and Downgrades

DGII has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Digi International in a research note on Wednesday, December 24th. Zacks Research lowered shares of Digi International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Craig Hallum reissued a “buy” rating and set a $50.00 price objective on shares of Digi International in a report on Thursday, February 5th. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, Stephens raised their target price on shares of Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, January 2nd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.80.

Digi International Stock Performance

The company has a market cap of $1.87 billion, a P/E ratio of 44.33 and a beta of 0.79. 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 business has a fifty day simple moving average of $46.66 and a two-hundred day simple moving average of $41.89.

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

Insider Activity at Digi International

In other Digi International news, VP David H. Sampsell sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the vice president directly owned 24,740 shares of the company’s stock, valued at approximately $1,131,607.60. This represents a 16.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Satbir Khanuja sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total transaction of $276,000.00. Following the completion of 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 13,455 shares of company stock worth $616,357. 3.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Digi International

A number of institutional investors have recently bought and sold shares of DGII. Bessemer Group Inc. lifted its position in Digi International by 2,215.1% during 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 in the last quarter. Lazard Asset Management LLC increased its position in Digi International by 25.1% in the second 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. raised its stake in shares of Digi International by 1,530.9% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after buying an additional 3,169 shares during the period. LSV Asset Management purchased a new position in shares of Digi International during the 3rd quarter valued at about $153,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Digi International during the 4th quarter valued at about $204,000. 95.90% of the stock is owned by 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.