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

Digital Turbine, Inc. (NASDAQ:APPS) has received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $8.75.

Several research analysts have recently weighed in on the stock. 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. Roth Capital assumed coverage on shares of Digital Turbine in a research report on Tuesday. They set a “buy” rating for the company. Bank of America raised shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Wednesday, May 27th. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. Finally, Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Digital Turbine Stock Performance

NASDAQ APPS opened at $8.34 on Tuesday. The stock’s fifty day moving average is $8.67 and its two-hundred day moving average is $5.69. The firm has a market capitalization of $1.01 billion, a P/E ratio of -23.17, a price-to-earnings-growth 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. Digital Turbine has a fifty-two week low of $2.74 and a fifty-two week high of $13.60.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new stake in Digital Turbine during the second quarter worth $674,000. Segall Bryant & Hamill LLC acquired a new position in shares of Digital Turbine in the 1st quarter valued at $1,283,000. Verus Capital Partners LLC acquired a new position in shares of Digital Turbine in the 1st quarter valued at $35,000. Essential Partners LLC grew its holdings in shares of Digital Turbine by 167.3% during the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after purchasing an additional 5,652 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Digital Turbine by 17.4% during the 1st quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker’s stock worth $10,423,000 after purchasing an additional 535,169 shares during the period. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

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.