Digi International (NASDAQ:DGII) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Digi International Inc. (NASDAQ:DGII) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.89 and traded as high as $50.86. Digi International shares last traded at $49.65, with a volume of 305,967 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research lowered shares of Digi International from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Digi International in a research report on Wednesday, December 24th. Wall Street Zen upgraded Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Craig Hallum restated a “buy” rating and set a $50.00 price target on shares of Digi International in a research report on Thursday, February 5th. Finally, Stephens upped their price target on Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, January 2nd. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Digi International has a consensus rating of “Hold” and an average target price of $49.80.

Digi International Trading Down 1.1%

The firm has a market cap of $1.87 billion, a PE ratio of 44.33 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. The stock’s fifty day simple moving average is $46.66 and its two-hundred day simple moving average is $41.89.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Digi International had a net margin of 9.45% and a return on equity of 10.93%. The firm had revenue of $122.46 million during the quarter, compared to analyst estimates of $115.90 million. During the same period last year, the business earned $0.45 earnings per share. The business’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, sell-side analysts forecast that Digi International Inc. will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at Digi International

In related news, Director Satbir Khanuja sold 6,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $46.00, for a total value of $276,000.00. Following the transaction, the director owned 85,298 shares in the company, valued at $3,923,708. The trade was a 6.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP James E. Freeland sold 1,355 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $45.84, for a total transaction of $62,113.20. Following the sale, the vice president directly owned 19,987 shares in the company, valued at $916,204.08. This trade represents a 6.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 13,455 shares of company stock worth $616,357. 3.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Digi International

Hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in Digi International by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock valued at $22,736,000 after acquiring an additional 46,659 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Digi International by 6.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 193,155 shares of the technology company’s stock worth $8,362,000 after purchasing an additional 11,900 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Digi International by 3.6% in the second quarter. Rhumbline Advisers now owns 107,050 shares of the technology company’s stock worth $3,732,000 after purchasing an additional 3,722 shares during the last quarter. Herald Investment Management Ltd lifted its holdings in shares of Digi International by 25.0% during the third quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock valued at $3,646,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Leuthold Group LLC lifted its holdings in shares of Digi International by 0.5% during the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after purchasing an additional 264 shares in the last quarter. 95.90% of the stock is currently 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.