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

Digi International Inc. (NASDAQ:DGII) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.35 and traded as high as $36.60. Digi International shares last traded at $35.97, with a volume of 256,543 shares trading hands.

Analyst Ratings Changes

DGII has been the subject of several analyst reports. B. Riley raised their target price on shares of Digi International from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Piper Sandler raised their price objective on shares of Digi International from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Digi International in a research note on Wednesday, October 8th. Roth Capital reiterated a “buy” rating on shares of Digi International in a report on Thursday, August 7th. Finally, Stephens restated an “overweight” rating and set a $50.00 price objective on shares of Digi International in a report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.75.

Digi International Stock Up 0.8%

The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.34 billion, a PE ratio of 31.55, a P/E/G ratio of 1.23 and a beta of 0.93. The business’s 50-day simple moving average is $36.71 and its 200 day simple moving average is $34.35.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $114.34 million for the quarter, compared to the consensus estimate of $110.75 million. Digi International had a net margin of 10.14% and a return on equity of 10.96%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts expect that Digi International Inc. will post 1.68 earnings per share for the current year.

Institutional Investors Weigh In On Digi International

A number of institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings 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 in the last quarter. Amalgamated Bank grew its position in shares of Digi International by 3.6% in the 3rd quarter. Amalgamated Bank now owns 10,894 shares of the technology company’s stock worth $397,000 after buying an additional 380 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Digi International by 67.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company’s stock worth $59,000 after acquiring an additional 685 shares in the last quarter. Bessemer Group Inc. lifted its position in Digi International by 2,215.1% during the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after acquiring an additional 1,174 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in Digi International by 20.0% in the second quarter. KLP Kapitalforvaltning AS now owns 7,800 shares of the technology company’s stock valued at $272,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Digi International Company Profile

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.