Digital Turbine (NASDAQ:APPS) Trading 6% Higher - Should You Buy?

Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report)'s share price rose 6% during trading on Thursday . The stock traded as high as $5.19 and last traded at $4.82. Approximately 4,523,829 shares were traded during trading, an increase of 4% from the average daily volume of 4,341,826 shares. The stock had previously closed at $4.55.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Digital Turbine from a "hold" rating to a "sell" rating in a research report on Monday, March 24th.

Digital Turbine Trading Up 1.7%

The firm has a market cap of $504.03 million, a P/E ratio of -1.58 and a beta of 2.41. The company's 50 day moving average is $3.44 and its two-hundred day moving average is $2.92. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.06 and a quick ratio of 1.06.

Institutional Trading of Digital Turbine

A number of hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Digital Turbine in the fourth quarter valued at $490,000. Acuitas Investments LLC acquired a new position in shares of Digital Turbine in the 4th quarter valued at $140,000. JPMorgan Chase & Co. lifted its holdings in shares of Digital Turbine by 39.7% during the 4th quarter. JPMorgan Chase & Co. now owns 541,825 shares of the software maker's stock worth $916,000 after acquiring an additional 153,991 shares during the period. Marshall Wace LLP bought a new position in shares of Digital Turbine during the 4th quarter worth about $1,698,000. Finally, Perkins Capital Management Inc. boosted its position in shares of Digital Turbine by 79.3% during the 4th quarter. Perkins Capital Management Inc. now owns 387,600 shares of the software maker's stock valued at $655,000 after acquiring an additional 171,400 shares in the last quarter. Institutional investors own 63.66% of the company's stock.

Digital Turbine Company Profile

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.