Digi International (NASDAQ:DGII) Shares Cross Above 200 Day Moving Average – Time to Sell?

Digi International Inc. (NASDAQ:DGII) shares crossed 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.

Wall Street Analyst Weigh In

DGII has been the subject of a number of recent research reports. Zacks Research raised shares of Digi International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Piper Sandler boosted their price target on shares of Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Roth Mkm reissued a “buy” rating and set a $70.00 price target on shares of Digi International in a research note on Thursday, May 7th. Stephens boosted their price target on shares of Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.20.

Digi International Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77. The stock has a market cap of $2.58 billion, a P/E ratio of 60.47 and a beta of 0.98. The company’s 50 day simple moving average is $60.21 and its 200 day simple moving average is $50.91.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, beating 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 firm had revenue of $130.74 million during the quarter, compared to the consensus estimate of $125.03 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly 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. As a group, equities analysts forecast that Digi International Inc. will post 2.11 earnings per share for the current year.

Insider Activity

In other Digi International news, CFO James J. Loch sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $69.44, for a total value of $6,944,000.00. Following the completion of the sale, the chief financial officer owned 167,589 shares of the company’s stock, valued at approximately $11,637,380.16. This represents a 37.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James E. Freeland sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total transaction of $30,600.00. Following the completion of the sale, the vice president directly owned 19,219 shares of the company’s stock, valued at $1,306,892. The trade was a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 121,008 shares of company stock worth $8,320,222 over the last three months. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Digi International

Several large investors have recently bought and sold shares of DGII. Ameriprise Financial Inc. increased its stake in Digi International by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock valued at $22,736,000 after purchasing an additional 46,659 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Digi International by 25.1% during the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after acquiring an additional 339 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Digi International by 2,215.1% during the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock worth $45,000 after acquiring an additional 1,174 shares during the period. LSV Asset Management acquired a new stake in shares of Digi International during the third quarter worth $153,000. Finally, Leuthold Group LLC lifted 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 acquiring an additional 7,676 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

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.