Digital Turbine (NASDAQ:APPS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Digital Turbine (NASDAQ:APPS) from a buy rating to a strong-buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Bank of America raised shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target for the company in a report on Wednesday, May 27th. Roth Capital reiterated a “buy” rating and set a $17.50 price target on shares of Digital Turbine in a research note on Thursday, August 6th. Zacks Research lowered Digital Turbine from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. 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. Finally, Benchmark raised their price target on Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Digital Turbine has a consensus rating of “Moderate Buy” and an average price target of $14.75.

Digital Turbine Trading Down 3.0%

Digital Turbine stock opened at $10.76 on Friday. The business’s 50-day simple moving average is $10.75 and its 200-day simple moving average is $6.91. Digital Turbine has a 52 week low of $2.74 and a 52 week high of $15.34. The firm has a market capitalization of $1.30 billion, a PE ratio of -41.38, a PEG ratio of 0.47 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 (NASDAQ:APPS) last released its earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $165.98 million for the quarter, compared to analyst estimates of $149.98 million. Equities research analysts forecast that Digital Turbine will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

A number of hedge funds and other institutional investors have recently bought and sold shares of APPS. AIGH Capital Management LLC acquired a new stake in shares of Digital Turbine in the first quarter valued at approximately $14,100,000. Invesco Ltd. raised its stake in Digital Turbine by 369.0% in the fourth quarter. Invesco Ltd. now owns 1,829,003 shares of the software maker’s stock valued at $9,145,000 after buying an additional 1,438,986 shares during the period. Manatuck Hill Partners LLC lifted its holdings 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 valued at $10,000,000 after purchasing an additional 1,400,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 buying an additional 846,116 shares during the last quarter. Finally, Granahan Investment Management LLC lifted its position in Digital Turbine by 12.0% during the first quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock worth $20,484,000 after acquiring an additional 762,888 shares during the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

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.