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

by · The Cerbat Gem

Digi International Inc. (NASDAQ:DGII – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $67.45 and traded as high as $75.53. Digi International shares last traded at $74.58, with a volume of 324,846 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DGII shares. Stephens upped their price target on shares of Digi International from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Digi International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. Roth Capital set a $90.00 price objective on shares of Digi International and gave the company a “buy” rating in a research report on Thursday, August 6th. B. Riley Financial upped their price objective on shares of Digi International from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded shares of Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.40.

Read Our Latest Stock Analysis on DGII

Digi International Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.13. The business has a 50-day moving average price of $75.19 and a 200 day moving average price of $67.61. The stock has a market capitalization of $2.72 billion, a P/E ratio of 56.94 and a beta of 0.96.

Digi International (NASDAQ:DGII – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Digi International had a net margin of 9.63% and a return on equity of 12.16%. The company had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $132.57 million. During the same quarter in the previous year, the business posted $0.53 EPS. Digi International’s revenue was up 29.0% compared to the same quarter last year. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. As a group, sell-side analysts forecast that Digi International Inc. will post 2.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Digi International

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in Digi International by 164.9% during the third quarter. Farther Finance Advisors LLC now owns 392 shares of the technology company’s stock valued at $30,000 after acquiring an additional 244 shares in the last quarter. USA Financial Formulas increased its holdings in Digi International by 109.3% in the 1st quarter. USA Financial Formulas now owns 946 shares of the technology company’s stock valued at $46,000 after acquiring an additional 494 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Digi International in the 2nd quarter worth $154,000. State of Wyoming purchased a new stake in Digi International in the 2nd quarter worth $160,000. Finally, GAMMA Investing LLC lifted its stake in Digi International by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock worth $193,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

About Digi International

(Get Free Report)

Digi International Inc (NASDAQ: DGII) provides business and industrial Internet of Things (IoT) connectivity products and solutions. The company helps organizations connect, monitor and manage equipment, sensors and other devices over cellular, wireless and wired networks.

Its product portfolio includes industrial routers and gateways, embedded systems and wireless modules, console servers, serial connectivity products and infrastructure for machine-to-machine communications. Digi also offers cloud-based device management and monitoring through Digi Remote Manager, along with professional services and support designed to help customers deploy and maintain connected devices.

Digi’s solutions are used across industries such as transportation, energy, healthcare, manufacturing, retail, government and commercial services.

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