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

Digi International Inc. (NASDAQ:DGII - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.08 and traded as high as $31.06. Digi International shares last traded at $30.40, with a volume of 144,906 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DGII shares. Piper Sandler upped their price target 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 previously from $28.00) on shares of Digi International in a report on Thursday, November 14th. Finally, StockNews.com raised shares of Digi International from a "buy" rating to a "strong-buy" rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.75.

Digi International Stock Performance

The business's fifty day moving average is $31.70 and its 200-day moving average is $28.17. 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 company has a market cap of $1.12 billion, a PE ratio of 49.84, a P/E/G ratio of 1.21 and a beta of 1.05.

Digi International (NASDAQ:DGII - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. Digi International had a net margin of 5.31% and a return on equity of 11.24%. The business had revenue of $105.05 million for the quarter, compared to analysts' expectations of $104.16 million. During the same quarter last year, the company posted $0.44 EPS. The company's revenue was down 6.3% compared to the same quarter last year. As a group, research analysts predict that Digi International Inc. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Digi International news, Director Satbir Khanuja sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $31.76, for a total value of $222,320.00. Following the completion of 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 document filed with the SEC, which is available through the SEC website. Also, VP Terrence G. Schneider sold 2,808 shares of Digi International stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $33.06, for a total transaction of $92,832.48. Following the sale, the vice president now owns 39,002 shares in the company, 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. In the last ninety days, insiders sold 10,329 shares of company stock valued at $332,361. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Digi International

Several institutional investors have recently bought and sold shares of DGII. SG Americas Securities LLC lifted its stake in Digi International by 108.0% in the 3rd quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company's stock worth $466,000 after purchasing an additional 8,788 shares in the last quarter. Captrust Financial Advisors boosted its stake in Digi International by 13.5% during the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company's stock valued at $560,000 after buying an additional 2,418 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new position in Digi International during the 2nd quarter valued at approximately $498,000. BNP Paribas Financial Markets increased its stake in Digi International by 51.8% in the 3rd 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 during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Digi International by 6.7% during the 2nd quarter. Rhumbline Advisers now owns 114,584 shares of the technology company's stock worth $2,627,000 after acquiring an additional 7,208 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other 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.