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

Digi International Inc. (NASDAQ:DGII) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.81 and traded as high as $29.50. Digi International shares last traded at $29.50, with a volume of 239,895 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DGII shares. Piper Sandler upped their target price on Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Craig Hallum reaffirmed a “hold” rating and set a $32.00 price target (up from $28.00) on shares of Digi International in a report on Thursday, November 14th. Finally, StockNews.com upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Digi International Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 48.36, a PEG ratio of 1.18 and a beta of 1.05. The firm has a fifty day moving average of $31.60 and a 200-day moving average of $28.81.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Digi International had a return on equity of 11.24% and a net margin of 5.31%. The business had revenue of $105.05 million during the quarter, compared to the consensus estimate of $104.16 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Digi International Inc. will post 1.65 EPS for the current year.

Insider Transactions at Digi International

In other Digi International news, Director Satbir Khanuja sold 7,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $31.76, for a total transaction of $222,320.00. Following the transaction, the director now directly owns 83,255 shares in the company, valued at $2,644,178.80. This represents a 7.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Terrence G. Schneider sold 2,808 shares of Digi International stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $33.06, for a total value of $92,832.48. Following the completion of the transaction, the vice president now owns 39,002 shares of the company’s stock, valued at approximately $1,289,406.12. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,329 shares of company stock worth $332,361 in the last three months. 4.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geneva Capital Management LLC grew its stake in Digi International by 5.0% during the 3rd quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company’s stock worth $45,560,000 after buying an additional 79,313 shares during the last quarter. BNP Paribas Financial Markets raised its position in Digi International by 51.8% in the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after acquiring an additional 8,235 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Digi International by 1.3% in the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock valued at $24,074,000 after buying an additional 11,239 shares in the last quarter. SG Americas Securities LLC raised its holdings in Digi International by 108.0% during the 3rd quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company’s stock worth $466,000 after buying an additional 8,788 shares during the period. Finally, Captrust Financial Advisors raised its stake in Digi International by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock valued at $560,000 after purchasing an additional 2,418 shares during the period. 95.90% of the stock is currently owned by institutional investors.

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.