Digi International (NASDAQ:DGII) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Digi International Inc. (NASDAQ:DGII)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $51.98 and traded as high as $69.78. Digi International shares last traded at $69.1580, with a volume of 461,114 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Piper Sandler raised their price target on shares of Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Craig Hallum boosted their price objective on shares of Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Stephens upped their price objective on shares of Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $70.00 target price on shares of Digi International in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Digi International presently has an average rating of “Moderate Buy” and a consensus price target of $66.20.

Digi International Price Performance

The company has a 50-day moving average of $62.34 and a two-hundred day moving average of $51.98. The stock has a market capitalization of $2.61 billion, a PE ratio of 61.20 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $125.03 million. During the same period last year, the company earned $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 predict that Digi International Inc. will post 2.11 EPS for the current fiscal year.

Insider Activity at Digi International

In other Digi International news, VP David H. Sampsell sold 6,376 shares of Digi International stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total value of $415,141.36. Following the transaction, the vice president owned 18,364 shares in the company, valued at $1,195,680.04. This trade represents a 25.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James J. Loch sold 100,000 shares of the business’s stock in a transaction on 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 sale, the chief financial officer directly owned 167,589 shares of the company’s stock, valued at $11,637,380.16. This represents a 37.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 121,008 shares of company stock valued at $8,320,222 in the last ninety days. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Digi International

A number of institutional investors have recently added to or reduced their stakes in DGII. Hillsdale Investment Management Inc. increased its stake in Digi International by 47.2% during the third quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock worth $6,609,000 after acquiring an additional 58,100 shares during the last quarter. GW&K Investment Management LLC purchased a new position in Digi International in the fourth quarter valued at about $2,410,000. Ameriprise Financial Inc. lifted its stake 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. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Digi International during the fourth quarter worth about $2,000,000. Finally, SG Americas Securities LLC boosted its position in shares of Digi International by 84.4% in the first quarter. SG Americas Securities LLC now owns 47,149 shares of the technology company’s stock worth $2,273,000 after buying an additional 21,584 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.