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

Digi International Inc. (NASDAQ:DGII)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $55.43 and traded as high as $64.14. Digi International shares last traded at $63.85, with a volume of 406,543 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on DGII shares. Craig Hallum lifted their price target on shares of Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Stephens raised their price target on Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Roth Capital restated a “buy” rating and issued a $70.00 price target on shares of Digi International in a research report on Thursday, May 7th. Weiss Ratings downgraded Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded shares of Digi International from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

Digi International Stock Performance

The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 56.50 and a beta of 0.96. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $67.65 and a 200-day moving average of $55.43.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $130.74 million for the quarter, compared to analysts’ expectations of $125.03 million. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The firm’s revenue was up 25.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, sell-side analysts anticipate that Digi International Inc. will post 2.11 EPS for the current year.

Insider Buying and Selling

In other news, VP Terrence G. Schneider sold 14,182 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $65.61, for a total value of $930,481.02. Following the completion of the transaction, the vice president directly owned 26,759 shares of the company’s stock, valued at $1,755,657.99. The trade was a 34.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David H. Sampsell sold 6,376 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total transaction of $415,141.36. Following the completion of the transaction, the vice president directly owned 18,364 shares of the company’s stock, valued at $1,195,680.04. The trade was a 25.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 121,008 shares of company stock worth $8,320,222. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DGII. Ameriprise Financial Inc. increased its position in Digi International by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after purchasing an additional 46,659 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Digi International by 25.1% in 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 during the period. Russell Investments Group Ltd. boosted its holdings in 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 valued at $123,000 after acquiring an additional 3,169 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Digi International by 48.7% in the third quarter. BNP Paribas Financial Markets now owns 14,018 shares of the technology company’s stock valued at $511,000 after acquiring an additional 4,594 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Digi International by 3,880.3% during the 3rd quarter. Brooklyn Investment Group now owns 5,652 shares of the technology company’s stock worth $206,000 after purchasing an additional 5,510 shares during the period. 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.