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

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 $40.60 and traded as high as $50.79. Digi International shares last traded at $50.62, with a volume of 207,034 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DGII. B. Riley Financial upped their price target on shares of Digi International from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Digi International in a research report on Wednesday, December 24th. Zacks Research lowered Digi International from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Craig Hallum reissued a “buy” rating and issued a $50.00 price target on shares of Digi International in a research note on Thursday, February 5th. Finally, Roth Mkm increased their price objective on Digi International from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $49.80.

Digi International Price Performance

The company has a market cap of $1.90 billion, a P/E ratio of 45.11 and a beta of 0.79. The stock has a 50-day simple moving average of $45.46 and a 200 day simple moving average of $40.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.24.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.56 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 analyst estimates of $115.90 million. During the same period in the prior year, the company posted $0.45 earnings per share. Digi International’s revenue was up 17.9% on a year-over-year basis. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. On average, equities analysts expect that Digi International Inc. will post 1.68 EPS for the current year.

Insider Activity at Digi International

In other Digi International news, VP James E. Freeland sold 1,355 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $45.84, for a total value of $62,113.20. Following the transaction, the vice president directly owned 19,987 shares in the company, valued at $916,204.08. The trade was a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David H. Sampsell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total transaction of $228,700.00. Following the sale, the vice president directly owned 24,740 shares in the company, valued at $1,131,607.60. This represents a 16.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,455 shares of company stock valued at $616,357 over the last quarter. 3.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new stake in Digi International during the 2nd quarter valued at $4,293,000. GW&K Investment Management LLC bought a new stake in shares of Digi International during the fourth quarter worth $2,410,000. Ameriprise Financial Inc. grew its holdings in shares of 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. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Digi International in the fourth quarter valued at $2,000,000. Finally, SG Americas Securities LLC raised its holdings in shares of Digi International by 445.3% in the third quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company’s stock valued at $1,118,000 after buying an additional 25,046 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

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.