Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $7.77 and last traded at $6.74, with a volume of 26426523 shares. The stock had previously closed at $7.54.
Analyst Ratings Changes
Several equities research analysts recently weighed in on APPS shares. Craig Hallum upped their target price on shares of Digital Turbine from $4.00 to $7.00 and gave the stock a "buy" rating in a research note on Tuesday. Wall Street Zen upgraded shares of Digital Turbine from a "hold" rating to a "buy" rating in a report on Saturday.
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Digital Turbine Stock Down 14.5%
The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 2.66. The company has a market cap of $616.20 million, a price-to-earnings ratio of -6.47 and a beta of 2.58. The firm's fifty day simple moving average is $4.26 and its 200 day simple moving average is $3.32.
Digital Turbine (NASDAQ:APPS - Get Free Report) last posted its quarterly earnings results on Monday, June 16th. The software maker reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. Digital Turbine had a negative net margin of 18.61% and a positive return on equity of 1.89%. The company had revenue of $119.15 million during the quarter, compared to analysts' expectations of $116.64 million. During the same quarter in the previous year, the business posted $0.12 EPS. Sell-side analysts predict that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in shares of Digital Turbine in the 4th quarter valued at $28,000. Plancorp LLC acquired a new position in shares of Digital Turbine in the 4th quarter valued at $35,000. Strs Ohio acquired a new position in shares of Digital Turbine in the 1st quarter valued at $41,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Digital Turbine in the 1st quarter valued at $45,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Digital Turbine by 94.3% in the 4th quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock valued at $46,000 after buying an additional 13,317 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company's stock.
About Digital Turbine
(
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Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.
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