Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.49 and traded as high as $4.01. Digital Turbine shares last traded at $3.95, with a volume of 1,983,090 shares changing hands.
Wall Street Analysts Forecast Growth
APPS has been the topic of several recent analyst reports. Wall Street Zen cut Digital Turbine from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Digital Turbine in a research report on Friday, March 27th. Finally, Zacks Research lowered Digital Turbine from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7.75.
Check Out Our Latest Stock Report on APPS
Digital Turbine Price Performance
The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $473.61 million, a P/E ratio of -8.23, a price-to-earnings-growth ratio of 0.14 and a beta of 2.40. The firm has a 50-day moving average price of $3.49 and a 200 day moving average price of $4.62.
Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The software maker reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $151.40 million for the quarter, compared to analyst estimates of $145.72 million. Digital Turbine had a positive return on equity of 21.26% and a negative net margin of 8.93%. On average, analysts expect that Digital Turbine, Inc. will post 0.21 EPS for the current year.
Hedge Funds Weigh In On Digital Turbine
Institutional investors have recently modified their holdings of the company. Citigroup Inc. grew its position in Digital Turbine by 642.7% during the 3rd quarter. Citigroup Inc. now owns 316,825 shares of the software maker's stock worth $2,028,000 after acquiring an additional 274,169 shares during the last quarter. AIGH Capital Management LLC bought a new position in Digital Turbine during the 3rd quarter worth approximately $9,748,000. Granahan Investment Management LLC grew its position in Digital Turbine by 77.2% during the 3rd quarter. Granahan Investment Management LLC now owns 5,713,937 shares of the software maker's stock worth $36,569,000 after acquiring an additional 2,489,376 shares during the last quarter. SG Americas Securities LLC grew its position in Digital Turbine by 776.1% during the 3rd quarter. SG Americas Securities LLC now owns 182,673 shares of the software maker's stock worth $1,169,000 after acquiring an additional 161,823 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in Digital Turbine during the 4th quarter worth approximately $250,000. 63.66% of the stock is currently owned by institutional investors.
Digital Turbine Company Profile
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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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