Digi International (NASDAQ:DGII) Shares Cross Above 200 Day Moving Average - What's Next?

Digi International Inc. (NASDAQ:DGII - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DGII. Stephens increased their price target on shares of Digi International from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. B. Riley Financial boosted their price objective on shares of Digi International from $78.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Weiss Ratings upgraded 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 stock a "buy" rating in a report on Thursday, August 6th. Finally, Piper Sandler raised their target price on shares of Digi International from $63.00 to $76.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $82.40.

Digi International Stock Down 0.7%

The stock has a 50 day simple moving average of $75.21 and a 200-day simple moving average of $67.45. The firm has a market cap of $2.83 billion, a PE ratio of 59.19 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 0.78.

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

Institutional Trading of Digi International

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Digi International by 164.9% in the third quarter. Farther Finance Advisors LLC now owns 392 shares of the technology company's stock worth $30,000 after buying an additional 244 shares in the last quarter. USA Financial Formulas grew its holdings in shares of Digi International by 109.3% during the first quarter. USA Financial Formulas now owns 946 shares of the technology company's stock valued at $46,000 after buying an additional 494 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Digi International during the second quarter valued at approximately $154,000. State of Wyoming bought a new stake in shares of Digi International during the second quarter valued at approximately $160,000. Finally, GAMMA Investing LLC raised its holdings 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 acquiring an additional 374 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Digi International Company Profile

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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