Digital Turbine, Inc. (NASDAQ:APPS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Digital Turbine “Moderate Buy,” with four buy ratings, one hold and one sell among six analysts. The average 12-month price target is $14.75.
• The company exceeded quarterly expectations, reporting $0.19 EPS versus $0.14 expected and revenue of $165.98 million versus the $149.98 million consensus estimate.
• Digital Turbine shares opened at $11.30, while institutional investors own 63.66% of the stock; the company’s shares have traded between $2.74 and $15.34 over the past year.

Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report) has received an average rating of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.75.

Several equities analysts have recently commented on the company. Benchmark raised their price target on Digital Turbine from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Digital Turbine from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Bank of America upgraded shares of Digital Turbine from a "neutral" rating to a "buy" rating and set a $7.50 target price on the stock in a report on Wednesday, May 27th. Zacks Research downgraded shares of Digital Turbine from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Digital Turbine in a report on Wednesday, September 2nd.

Digital Turbine Stock Performance

Digital Turbine stock opened at $11.30 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $1.37 billion, a PE ratio of -43.46, a P/E/G ratio of 0.46 and a beta of 2.87. The company has a 50 day moving average price of $10.69 and a 200-day moving average price of $7.18. Digital Turbine has a fifty-two week low of $2.74 and a fifty-two week high of $15.34.

Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. The company had revenue of $165.98 million for the quarter, compared to analysts' expectations of $149.98 million. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%. As a group, equities analysts forecast that Digital Turbine will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On Digital Turbine

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in shares of Digital Turbine by 42.4% in the 2nd quarter. Allworth Financial LP now owns 5,698 shares of the software maker's stock valued at $74,000 after buying an additional 1,696 shares in the last quarter. California State Teachers Retirement System boosted its stake in Digital Turbine by 233.9% in the second quarter. California State Teachers Retirement System now owns 19,595 shares of the software maker's stock valued at $253,000 after acquiring an additional 13,727 shares in the last quarter. AXQ Capital LP grew its holdings in Digital Turbine by 81.0% in the second quarter. AXQ Capital LP now owns 43,339 shares of the software maker's stock worth $559,000 after purchasing an additional 19,392 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Digital Turbine during the second quarter worth $1,282,000. Finally, Globeflex Capital L P acquired a new position in shares of Digital Turbine during the second quarter worth $4,745,000. Hedge funds and other institutional investors 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.

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