Digi International (NASDAQ:DGII) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Digi International shares crossed above their 200-day moving average, reaching $73.11 before closing at $72.13, compared with a 200-day average of $64.27.
• Analysts maintain a generally positive outlook, with four Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $82.40.
• The company reported quarterly EPS of $0.75, beating estimates by $0.09, while revenue rose 29% year over year to $138.67 million. Institutional investors own 95.9% of the stock.

Digi International Inc. (NASDAQ:DGII - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $64.27 and traded as high as $73.11. Digi International shares last traded at $72.13, with a volume of 736,813 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DGII shares. Roth Capital set a $90.00 target price on Digi International and gave the stock a "buy" rating in a report on Thursday, August 6th. Zacks Research downgraded Digi International from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Piper Sandler upped their target price on Digi International from $63.00 to $76.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Weiss Ratings downgraded shares of Digi International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 10th. Finally, B. Riley Financial raised their price target on shares of Digi International from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $82.40.

Digi International Price Performance

The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 57.25 and a beta of 0.97. 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 $72.30 and a 200-day moving average price of $64.27.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Horizon Investment Services LLC bought a new stake in Digi International in the 2nd quarter valued at about $945,000. BlackRock Inc. acquired a new stake in Digi International in the second quarter valued at approximately $445,526,000. Globeflex Capital L P acquired a new stake in Digi International in the second quarter valued at approximately $3,250,000. Lisanti Capital Growth LLC bought a new stake in shares of Digi International during the second quarter valued at approximately $1,614,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Digi International during the second quarter worth approximately $16,274,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Digi International Company Profile

Digi International Inc NASDAQ: DGII provides business and industrial Internet of Things (IoT) connectivity solutions. Its products and services help organizations connect, monitor and manage devices, equipment and assets across distributed locations and networks.

The company's offerings include cellular routers and gateways, embedded and system-on-module solutions, industrial networking equipment, console servers and other wireless connectivity products. Digi also provides device-management software, including its Digi Remote Manager platform, which supports the deployment, configuration, monitoring and maintenance of connected devices.

Digi serves customers in industries such as transportation, energy, industrial automation, healthcare, retail and government.

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