Shares of Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.10.
APPS has been the topic of a number of research reports. TD Cowen reiterated a "hold" rating on shares of Digital Turbine in a research note on Tuesday, September 29th. Craig Hallum restated a "buy" rating and set a $18.00 price objective on shares of Digital Turbine in a research report on Wednesday, August 5th. Zacks Research downgraded shares of Digital Turbine from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Weiss Ratings restated a "sell (e+)" rating on shares of Digital Turbine in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada started coverage on Digital Turbine in a research report on Thursday, October 1st. They issued an "outperform" rating and a $15.00 target price on the stock.
Check Out Our Latest Analysis on APPS
Institutional Trading of Digital Turbine
Several institutional investors have recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC acquired a new stake in shares of Digital Turbine during the third quarter worth $264,000. TD Waterhouse Canada Inc. bought a new stake in shares of Digital Turbine in the third quarter valued at about $25,000. State of Alaska Department of Revenue boosted its position in shares of Digital Turbine by 86.9% in the third quarter. State of Alaska Department of Revenue now owns 9,223 shares of the software maker's stock valued at $102,000 after acquiring an additional 4,288 shares during the period. WINTON GROUP Ltd grew its stake in shares of Digital Turbine by 178.7% in the second quarter. WINTON GROUP Ltd now owns 121,796 shares of the software maker's stock valued at $1,571,000 after acquiring an additional 78,096 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Digital Turbine in the second quarter valued at about $56,000. 63.66% of the stock is currently owned by institutional investors.
Digital Turbine Price Performance
NASDAQ APPS opened at $9.91 on Thursday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -38.12, a PEG ratio of 0.47 and a beta of 3.02. Digital Turbine has a 52-week low of $2.74 and a 52-week high of $15.34. The business has a 50 day simple moving average of $10.79 and a 200 day simple moving average of $7.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.20 and a current ratio of 1.20.
Digital Turbine (NASDAQ:APPS - Get Free Report) last released its earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. The business had revenue of $165.98 million during the quarter, compared to the consensus estimate of $149.98 million. Analysts anticipate that Digital Turbine will post 0.68 earnings per share for the current fiscal year.
About Digital Turbine
(
Get Free Report)
Digital Turbine, Inc NASDAQ: APPS is a mobile advertising and application distribution company that helps advertisers, mobile carriers, device manufacturers and application developers connect with smartphone users. Its platform is designed to support the discovery, distribution, promotion and monetization of mobile applications and digital content.
The company provides technology that can be integrated into mobile devices and operating systems, including tools for app recommendations, device setup and application installation.
Further Reading
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