Zacks Investment Research upgraded shares of Digital Turbine (NASDAQ:APPS) from a hold rating to a buy rating in a research report released on Tuesday. The firm currently has $2.25 price target on the software maker’s stock.

According to Zacks, “Digital Turbine Inc. offers products and solutions for mobile operators, device OEMs and third parties. The company’s product include DT Ignite(TM), a mobile device management solution with targeted app distribution capabilities, DT IQ(TM), a customized user experience and app discovery tool, DT Marketplace(TM), an application and content store and DT Pay(TM), a content management and mobile payment solution. It operates primarily in Berlin, Singapore and Sydney. Digital Turbine, Inc., formerly known as Mandalay Digital Group, Inc., is headquartered in Austin, Texas. “

Other research analysts also recently issued reports about the stock. Roth Capital reiterated a buy rating on shares of Digital Turbine in a research report on Monday, December 4th. B. Riley reiterated a buy rating and issued a $2.00 price target (up from $1.40) on shares of Digital Turbine in a research report on Wednesday, November 8th. Finally, ValuEngine upgraded shares of Digital Turbine from a sell rating to a hold rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $1.75.

Shares of Digital Turbine (NASDAQ:APPS) remained flat at $$1.99 during trading on Tuesday. 194,713 shares of the company were exchanged, compared to its average volume of 418,244. The company has a market cap of $131.89, a P/E ratio of -6.63 and a beta of 1.36. Digital Turbine has a one year low of $0.65 and a one year high of $2.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.78 and a quick ratio of 0.78.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. Digital Turbine had a negative net margin of 20.41% and a negative return on equity of 23.85%. The company had revenue of $27.90 million for the quarter, compared to the consensus estimate of $26.96 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. analysts predict that Digital Turbine will post -0.18 EPS for the current year.

In other Digital Turbine news, CEO William Gordon Stone III purchased 50,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of $1.56 per share, for a total transaction of $78,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. bought a new position in Digital Turbine in the third quarter worth approximately $101,000. Granahan Investment Management Inc. MA bought a new stake in shares of Digital Turbine during the 3rd quarter valued at $350,000. EAM Investors LLC bought a new stake in shares of Digital Turbine during the 3rd quarter valued at $465,000. Essex Investment Management Co. LLC bought a new stake in shares of Digital Turbine during the 3rd quarter valued at $665,000. Finally, Trellus Management Company LLC raised its position in shares of Digital Turbine by 16.8% during the 3rd quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock valued at $1,058,000 after purchasing an additional 100,689 shares during the period. Institutional investors and hedge funds own 20.78% of the company’s stock.

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About Digital Turbine

Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.

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