Digital Turbine (NASDAQ:APPS) Upgraded at Roth Capital

Digital Turbine (NASDAQ:APPS) was upgraded by investment analysts at Roth Capital to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on APPS. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday. Bank of America upgraded Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Wednesday, May 27th. Benchmark assumed coverage on Digital Turbine in a research report on Tuesday. They issued a “buy” rating for the company. Weiss Ratings downgraded Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Finally, Zacks Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $9.67.

Digital Turbine Stock Performance

APPS stock opened at $9.18 on Tuesday. Digital Turbine has a one year low of $2.74 and a one year high of $13.60. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -25.50, a PEG ratio of 0.65 and a beta of 2.75. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50-day simple moving average of $8.78 and a two-hundred day simple moving average of $5.72.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. The firm had revenue of $142.55 million for the quarter, compared to the consensus estimate of $133.22 million. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. On average, equities analysts forecast that Digital Turbine will post 0.68 EPS for the current fiscal year.

Institutional Trading of Digital Turbine

Several large investors have recently added to or reduced their stakes in APPS. AIGH Capital Management LLC purchased a new stake in Digital Turbine during the 1st quarter valued at about $14,100,000. Invesco Ltd. raised its stake in shares of Digital Turbine by 369.0% in the fourth quarter. Invesco Ltd. now owns 1,829,003 shares of the software maker’s stock worth $9,145,000 after purchasing an additional 1,438,986 shares during the last quarter. Manatuck Hill Partners LLC lifted its holdings in shares of Digital Turbine by 233.3% during the fourth quarter. Manatuck Hill Partners LLC now owns 2,000,000 shares of the software maker’s stock worth $10,000,000 after purchasing an additional 1,400,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Digital Turbine by 56.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock worth $6,778,000 after purchasing an additional 846,116 shares during the period. Finally, Granahan Investment Management LLC boosted its position in Digital Turbine by 12.0% in the first quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock valued at $20,484,000 after buying an additional 762,888 shares during the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Company Profile

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.