Digital Turbine, Inc. (NASDAQ:APPS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Digital Turbine, Inc. (NASDAQ:APPS) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $14.75.

APPS has been the subject of several recent analyst reports. Weiss Ratings cut shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Zacks Research lowered shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Benchmark raised their price target on shares of Digital Turbine from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Roth Capital reiterated a “buy” rating and issued a $17.50 price objective on shares of Digital Turbine in a report on Thursday, August 6th. Finally, 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 research report on Wednesday, May 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in APPS. AIGH Capital Management LLC acquired a new stake in Digital Turbine during the 1st quarter worth $14,100,000. Invesco Ltd. raised its stake in Digital Turbine by 369.0% during the 4th quarter. Invesco Ltd. now owns 1,829,003 shares of the software maker’s stock valued at $9,145,000 after acquiring an additional 1,438,986 shares during the last quarter. Manatuck Hill Partners LLC lifted its position in Digital Turbine by 233.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 2,000,000 shares of the software maker’s stock worth $10,000,000 after acquiring an additional 1,400,000 shares during the period. Dimensional Fund Advisors LP lifted its position in Digital Turbine by 56.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock worth $6,778,000 after acquiring an additional 846,116 shares during the period. Finally, Granahan Investment Management LLC grew its stake in shares of Digital Turbine by 12.0% in the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock valued at $20,484,000 after purchasing an additional 762,888 shares during the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

Digital Turbine Stock Performance

NASDAQ APPS opened at $12.44 on Friday. The stock’s fifty day moving average is $10.36 and its two-hundred day moving average is $6.41. The firm has a market capitalization of $1.51 billion, a P/E ratio of -47.85, a price-to-earnings-growth ratio of 0.54 and a beta of 2.81. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.20 and a current ratio of 1.20. Digital Turbine has a fifty-two week low of $2.74 and a fifty-two week high of $15.34.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%.The business had revenue of $165.98 million during the quarter, compared to the consensus estimate of $149.98 million. On average, research analysts anticipate that Digital Turbine will post 0.75 earnings per share for the current year.

About Digital Turbine

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.