Digi International (NASDAQ:DGII) Shares Cross Above 200 Day Moving Average – Time to Sell?

Digi International Inc. (NASDAQ:DGII) shares 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 trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on DGII. StockNews.com raised Digi International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Piper Sandler increased their price target on shares of Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Craig Hallum reissued a “hold” rating and set a $32.00 price target (up previously from $28.00) on shares of Digi International in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $36.75.

Digi International Trading Up 3.8 %

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.13 and a current ratio of 1.73. The firm has a market cap of $1.08 billion, a PE ratio of 48.36, a price-to-earnings-growth ratio of 1.18 and a beta of 1.05. The stock has a 50-day simple moving average of $31.60 and a two-hundred day simple 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. Digi International had a net margin of 5.31% and a return on equity of 11.24%. The firm had revenue of $105.05 million during the quarter, compared to analysts’ expectations of $104.16 million. During the same period in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Digi International Inc. will post 1.65 EPS for the current year.

Insider Activity

In other Digi International news, VP Terrence G. Schneider sold 2,808 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $33.06, for a total value of $92,832.48. Following the completion of the sale, the vice president now owns 39,002 shares of the company’s stock, valued at $1,289,406.12. This trade represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Satbir Khanuja sold 7,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $31.76, for a total value of $222,320.00. Following the transaction, the director now owns 83,255 shares of the company’s stock, valued at approximately $2,644,178.80. The trade was a 7.76 % 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 over the last quarter. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Digi International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneva Capital Management LLC raised its holdings in shares of Digi International by 5.0% in the 3rd quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company’s stock valued at $45,560,000 after purchasing an additional 79,313 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Digi International by 51.8% during the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after purchasing an additional 8,235 shares during the last quarter. Geode Capital Management LLC raised its position in Digi International by 1.3% during the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock valued at $24,074,000 after acquiring an additional 11,239 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Digi International by 108.0% during the third 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 in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Digi International by 13.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock worth $560,000 after purchasing an additional 2,418 shares during the period. Institutional investors own 95.90% of the company’s stock.

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.