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

Key Points

• Analysts give Digital Turbine a “Moderate Buy” consensus, with four buy, one hold and one sell rating among six firms. The average 12-month price target is $14.75, with targets ranging from $16.00 to $18.00 among recent bullish reports.
• Institutional investors increased their positions, and institutions and hedge funds collectively own 63.66% of the stock. Vanguard, Granahan Investment Management and Bank of America were among the firms adding shares.
• Digital Turbine beat quarterly expectations, reporting $0.19 in EPS versus a $0.14 consensus and revenue of $165.98 million versus estimates of $149.98 million. Shares opened at $12.44, compared with a 52-week range of $2.74 to $15.34.

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

A number of research firms recently issued reports on APPS. Benchmark lifted their price target on shares of Digital Turbine from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Digital Turbine from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Craig Hallum reiterated a "buy" rating and issued a $18.00 target price on shares of Digital Turbine in a research report on Wednesday, August 5th. Roth Capital restated a "buy" rating and set a $17.50 price target on shares of Digital Turbine in a research report on Thursday, August 6th. Finally, Weiss Ratings lowered shares of Digital Turbine from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, June 5th.

Institutional Trading of Digital Turbine

A number of institutional investors have recently made changes to their positions in APPS. Vanguard Group Inc. raised its stake in Digital Turbine by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 9,101,779 shares of the software maker's stock valued at $45,509,000 after purchasing an additional 29,540 shares during the last quarter. Granahan Investment Management LLC boosted its stake in Digital Turbine by 12.0% during the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker's stock worth $20,484,000 after purchasing an additional 762,888 shares during the last quarter. AIGH Capital Management LLC purchased a new stake in shares of Digital Turbine during the first quarter worth $14,100,000. Bank of America Corp DE raised its position in shares of Digital Turbine by 17.4% in the first quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker's stock valued at $10,423,000 after buying an additional 535,169 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Digital Turbine by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 2,528,772 shares of the software maker's stock worth $12,646,000 after buying an additional 110,871 shares in the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

Digital Turbine Price Performance

NASDAQ:APPS opened at $12.44 on Friday. 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 has a 52 week low of $2.74 and a 52 week high of $15.34. The stock's 50-day moving average price is $10.36 and its 200-day moving average price is $6.41. The stock has a market capitalization of $1.51 billion, a PE ratio of -47.85, a price-to-earnings-growth ratio of 0.54 and a beta of 2.81.

Digital Turbine (NASDAQ:APPS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The company had revenue of $165.98 million for the quarter, compared to analyst estimates 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 expect that Digital Turbine will post 0.75 EPS for the current fiscal year.

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.

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