Digital Turbine (NASDAQ:APPS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.
Several other research firms have also recently issued reports on APPS. Bank of America raised shares of 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. Craig Hallum reaffirmed a "buy" rating and set a $18.00 price target on shares of Digital Turbine in a research note on Wednesday, August 5th. Benchmark boosted 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. Zacks Research lowered Digital Turbine from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Weiss Ratings cut Digital Turbine from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.75.
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Digital Turbine Stock Performance
APPS stock opened at $11.09 on Friday. Digital Turbine has a twelve month low of $2.74 and a twelve month high of $15.34. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -42.65, a PEG ratio of 0.49 and a beta of 2.81. The business's fifty day simple moving average is $10.72 and its two-hundred day simple moving average is $6.85. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.80.
Digital Turbine (NASDAQ:APPS - Get Free Report) last issued 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. The firm had revenue of $165.98 million during the quarter, compared to analyst estimates of $149.98 million. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. Analysts predict that Digital Turbine will post 0.75 earnings per share for the current year.
Institutional Investors Weigh In On Digital Turbine
Large investors have recently modified their holdings of the business. Quarry LP boosted its stake in shares of Digital Turbine by 1,323.4% during the fourth quarter. Quarry LP now owns 5,594 shares of the software maker's stock valued at $28,000 after purchasing an additional 5,201 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Digital Turbine in the fourth quarter worth approximately $44,000. Essential Partners LLC lifted its holdings in Digital Turbine by 167.3% during the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker's stock worth $26,000 after buying an additional 5,652 shares during the period. Smartleaf Asset Management LLC purchased a new stake in Digital Turbine during the second quarter worth $57,000. Finally, Legal & General Group Plc lifted its holdings in Digital Turbine by 31.6% during the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker's stock worth $63,000 after buying an additional 2,550 shares during the period. Institutional investors own 63.66% of the company's stock.
Digital Turbine Company Profile
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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.
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