Digi International (NASDAQ:DGII) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Digi International Inc. (NASDAQ:DGII)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

Digi International Price Performance

The firm has a market capitalization of $2.41 billion, a PE ratio of 56.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.11. The stock has a fifty day moving average price of $67.61 and a 200-day moving average price of $55.49.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The firm had revenue of $130.74 million during the quarter, compared to analysts’ expectations of $125.03 million. During the same period in the prior year, the business posted $0.51 EPS. The firm’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. Sell-side analysts forecast that Digi International Inc. will post 2.11 EPS for the current fiscal year.

Insider Activity

In other Digi International news, VP David H. Sampsell sold 6,376 shares of the 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 sale, the vice president directly owned 18,364 shares of the company’s stock, valued at approximately $1,195,680.04. This represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James J. Loch sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $69.44, for a total transaction of $6,944,000.00. Following the completion of the sale, the chief financial officer owned 167,589 shares in the company, valued at $11,637,380.16. This represents a 37.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 121,008 shares of company stock valued at $8,320,222. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Digi International

Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position 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 in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Digi International by 3.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 199,635 shares of the technology company’s stock worth $9,622,000 after purchasing an additional 6,480 shares in the last quarter. Leuthold Group LLC grew its stake in Digi International by 0.5% during the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock worth $2,456,000 after buying an additional 264 shares during the last quarter. GW&K Investment Management LLC purchased a new position in Digi International during the 4th quarter worth $2,410,000. Finally, Campbell & CO Investment Adviser LLC increased its position in Digi International by 65.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 47,468 shares of the technology company’s stock valued at $2,055,000 after buying an additional 18,706 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.