Digi International (NASDAQ:DGII) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Digi International Inc. (NASDAQ:DGII) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $41.29 and traded as high as $51.53. Digi International shares last traded at $50.31, with a volume of 393,009 shares traded.

Wall Street Analyst Weigh In

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

Digi International Trading Up 1.3%

The firm’s 50-day simple moving average is $45.90 and its 200-day simple moving average is $41.29. The firm has a market capitalization of $1.89 billion, a PE ratio of 44.92 and a beta of 0.79. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21.

Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $115.90 million. During the same period last year, the company earned $0.45 EPS. Digi International’s revenue for the quarter was up 17.9% compared to the same quarter last year. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. Equities analysts expect that Digi International Inc. will post 1.68 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Satbir Khanuja sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total value of $276,000.00. Following the sale, the director directly owned 85,298 shares of the company’s stock, valued at $3,923,708. This trade represents a 6.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 owned 19,987 shares in the company, valued at approximately $916,204.08. This represents a 6.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,455 shares of company stock valued at $616,357 in the last quarter. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Digi International

Several hedge funds have recently made changes to their positions in DGII. Millennium Management LLC lifted its stake in Digi International by 138.3% in the fourth quarter. Millennium Management LLC now owns 19,055 shares of the technology company’s stock worth $825,000 after acquiring an additional 11,059 shares during the period. Russell Investments Group Ltd. increased its position in Digi International by 8.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock valued at $158,000 after purchasing an additional 273 shares during the period. Captrust Financial Advisors raised its holdings in Digi International by 15.2% in the 4th quarter. Captrust Financial Advisors now owns 18,204 shares of the technology company’s stock worth $788,000 after purchasing an additional 2,396 shares in the last quarter. Brooklyn Investment Group raised its holdings in Digi International by 5.9% in the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock worth $265,000 after purchasing an additional 331 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Digi International by 65.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 47,468 shares of the technology company’s stock worth $2,055,000 after purchasing an additional 18,706 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

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.