Digital Turbine (NASDAQ:APPS) Stock Rating Upgraded by Benchmark

Digital Turbine (NASDAQ:APPS) was upgraded by Benchmark to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on APPS. Roth Capital started coverage on Digital Turbine in a report on Tuesday. They issued a “buy” rating and a $11.50 target price on the stock. Zacks Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. Weiss Ratings lowered Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Two investment 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 company’s stock. Based on data from MarketBeat, Digital Turbine has a consensus rating of “Buy” and an average target price of $11.00.

Digital Turbine Stock Performance

Shares of APPS opened at $8.49 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.84. The business’s 50 day moving average price is $8.87 and its 200-day moving average price is $5.74. Digital Turbine has a 52 week low of $2.74 and a 52 week high of $13.60. The stock has a market cap of $1.03 billion, a P/E ratio of -23.58, a P/E/G ratio of 0.71 and a beta of 2.75.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $133.22 million. Equities research analysts anticipate that Digital Turbine will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Digital Turbine

Several large investors have recently bought and sold shares of APPS. AIGH Capital Management LLC bought a new stake in shares of Digital Turbine in the first quarter worth $14,100,000. Globeflex Capital L P bought a new position in Digital Turbine in the first quarter valued at about $1,227,000. UBS Group AG lifted its holdings in Digital Turbine by 444.0% in the fourth quarter. UBS Group AG now owns 779,585 shares of the software maker’s stock valued at $3,898,000 after acquiring an additional 636,267 shares during the period. S Squared Technology LLC boosted its position in Digital Turbine by 13.0% in the fourth quarter. S Squared Technology LLC now owns 653,571 shares of the software maker’s stock worth $3,268,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Manatuck Hill Partners LLC boosted its position in Digital Turbine by 233.3% in 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 last quarter. 63.66% of the stock is currently owned by institutional investors.

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.