Digi International (NASDAQ:DGII) Stock Crosses Above Two Hundred Day Moving Average – Should You 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 $47.73 and traded as high as $64.38. Digi International shares last traded at $64.05, with a volume of 301,302 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DGII shares. Zacks Research raised shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Piper Sandler upped their price objective on shares of Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Craig Hallum upped their price objective on shares of Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, Roth Mkm reaffirmed a “buy” rating and set a $70.00 price objective on shares of Digi International in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.20.

Digi International Stock Performance

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 stock has a market cap of $2.41 billion, a price-to-earnings ratio of 56.68 and a beta of 0.94. The company has a 50 day simple moving average of $54.75 and a 200 day simple moving average of $47.73.

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

Insider Activity

In other Digi International news, VP David H. Sampsell sold 6,376 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was 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 owned 18,364 shares of the company’s stock, valued at approximately $1,195,680.04. The trade was a 25.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Terrence G. Schneider sold 14,182 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $65.61, for a total value of $930,481.02. Following the transaction, the vice president directly owned 26,759 shares of the company’s stock, valued at approximately $1,755,657.99. The trade was a 34.64% decrease in their position. The SEC filing for this sale provides additional information. 3.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. increased its stake in shares of Digi International by 2,215.1% in the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after buying an additional 1,174 shares during the period. Lazard Asset Management LLC increased its stake in shares of Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after buying an additional 339 shares during the period. Russell Investments Group Ltd. increased 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 valued at $123,000 after buying an additional 3,169 shares during the period. LSV Asset Management acquired a new position in shares of Digi International in the third quarter valued at approximately $153,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Digi International in the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds 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.