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

Digi International Inc. (NASDAQ:DGII)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.87 and traded as high as $49.86. Digi International shares last traded at $49.08, with a volume of 275,116 shares traded.

Wall Street Analysts Forecast Growth

DGII has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Zacks Research lowered Digi International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Digi International in a research report on Monday, March 23rd. Finally, Stephens boosted their price objective on Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, January 2nd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $49.80.

Digi International Price Performance

The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.85 billion, a P/E ratio of 43.82 and a beta of 0.85. The business’s fifty day moving average price is $47.85 and its 200-day moving average price is $42.87.

Digi International (NASDAQ:DGII) last released 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 for the quarter, compared to analysts’ expectations of $115.90 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm’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. As a group, sell-side analysts predict that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

Insider Activity at Digi International

In other Digi International news, Director Satbir Khanuja sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $46.00, for a total transaction of $276,000.00. Following the transaction, the director directly owned 85,298 shares in the company, valued at $3,923,708. This trade represents a 6.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David H. Sampsell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $45.74, for a total transaction of $228,700.00. Following the transaction, the vice president owned 24,740 shares in the company, valued at $1,131,607.60. The trade was a 16.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 13,455 shares of company stock valued at $616,357. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Digi International

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. grew its holdings in shares of Digi International by 2,215.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,174 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after purchasing an additional 339 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Digi International by 1,530.9% during 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 purchased a new stake in Digi International during the third quarter valued at about $153,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Digi International during the fourth quarter valued at about $204,000. 95.90% of the stock is currently owned by 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.