Digital Turbine (NASDAQ:APPS - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.
Several other research analysts have also issued reports on the company. Benchmark raised their target price on Digital Turbine from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday. Roth Capital reaffirmed a "buy" rating and set a $17.50 target price on shares of Digital Turbine in a report on Thursday. Zacks Research lowered Digital Turbine from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Craig Hallum reissued a "buy" rating and issued a $18.00 price target on shares of Digital Turbine in a research note on Wednesday. Finally, Bank of America upgraded 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. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.75.
View Our Latest Analysis on APPS
Digital Turbine Trading Up 0.5%
Shares of NASDAQ APPS opened at $14.34 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.16 and a current ratio of 1.20. Digital Turbine has a 52-week low of $2.74 and a 52-week high of $15.34. The firm has a 50 day moving average price of $9.96 and a two-hundred day moving average price of $6.14. The stock has a market cap of $1.74 billion, a P/E ratio of -55.15, a price-to-earnings-growth ratio of 0.53 and a beta of 2.81.
Digital Turbine (NASDAQ:APPS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The firm had revenue of $165.98 million during the quarter, compared to the consensus estimate of $149.98 million. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. As a group, equities analysts forecast that Digital Turbine will post 0.86 EPS for the current year.
Hedge Funds Weigh In On Digital Turbine
Hedge funds and other institutional investors have recently bought and sold shares of the company. Essential Partners LLC grew its holdings in Digital Turbine by 167.3% during the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker's stock worth $26,000 after acquiring an additional 5,652 shares during the period. Quarry LP increased its holdings in Digital Turbine by 1,323.4% in the fourth quarter. Quarry LP now owns 5,594 shares of the software maker's stock worth $28,000 after purchasing an additional 5,201 shares in the last quarter. Verus Capital Partners LLC bought a new stake in Digital Turbine in the first quarter worth approximately $35,000. Strs Ohio acquired a new position in Digital Turbine in the first quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Digital Turbine in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 63.66% of the company's stock.
Key Stories Impacting Digital Turbine
Here are the key news stories impacting Digital Turbine this week:
- Positive Sentiment: Improved quarterly performance: Digital Turbine reported revenue of $165.98 million, up 27% year over year and above the roughly $150 million analyst consensus. Its net loss narrowed to $3.16 million from $14.10 million, while the loss per share improved to $0.03 from $0.13. Why Digital Turbine Is Up After Raising Its Revenue Outlook
- Positive Sentiment: Higher fiscal 2027 guidance: Management raised its revenue outlook to $650 million-$670 million, signaling confidence that its mobile advertising recovery and operating improvements can continue. Digital Turbine's AI Platform Boosts Advertiser Returns and Growth
- Positive Sentiment: AI platform momentum: Digital Turbine’s AI-driven advertising platform is reportedly improving advertiser returns and publisher monetization, supporting expectations for stronger growth. Digital Turbine's AI Platform Boosts Advertiser Returns and Growth
- Positive Sentiment: Analyst and trading interest: Benchmark raised its price target to $16, while unusually high call-option activity suggests increased bullish speculation. Benchmark Raises Digital Turbine Price Target
- Neutral Sentiment: Strong relative performance: Coverage notes that APPS has outpaced portions of the computer and technology sector this year. The stock is now near its 52-week high, prompting investors to assess whether fundamentals support additional gains. Digital Turbine Hits a 52-Week High
- Negative Sentiment: Valuation and execution risks remain: Despite narrowing losses, Digital Turbine remains unprofitable on a trailing basis. The stock’s sharp rally, high beta and proximity to its 52-week high could increase volatility if growth or guidance falls short.
About Digital Turbine
(
Get Free Report)
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.
Further Reading
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