Digital Turbine (NASDAQ:APPS) Stock Price Up 4.5% - Time to Buy?

Key Points

• Digital Turbine's stock price increased by 4.5% to $6.84, with a considerable drop in trading volume to 1.5 million shares, down 72% from the average.
• Research analysts have mixed ratings for Digital Turbine, with one upgrade to a buy rating and a price target increase to $8.00, while another firm downgraded their rating to hold.
• Despite reporting revenues of $130.93 million, the company missed earnings expectations, reporting $0.05 EPS compared to the anticipated $0.10 EPS.

Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report)'s share price rose 4.5% during trading on Tuesday . The company traded as high as $7.00 and last traded at $6.84. Approximately 1,524,111 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 5,360,518 shares. The stock had previously closed at $6.54.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America upgraded Digital Turbine from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $4.50 to $5.50 in a research report on Wednesday, August 6th. Wall Street Zen cut shares of Digital Turbine from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Craig Hallum boosted their price objective on shares of Digital Turbine from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Digital Turbine in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.17.

Digital Turbine Stock Performance

The company has a debt-to-equity ratio of 2.63, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $742.37 million, a PE ratio of -8.89, a price-to-earnings-growth ratio of 4.04 and a beta of 2.57. The business has a fifty day simple moving average of $4.87 and a two-hundred day simple moving average of $4.52.

Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.05). The company had revenue of $130.93 million during the quarter, compared to analysts' expectations of $121.94 million. Digital Turbine had a negative net margin of 15.93% and a positive return on equity of 2.24%. Digital Turbine has set its FY 2026 guidance at EPS. Research analysts anticipate that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

Hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC purchased a new position in Digital Turbine in the second quarter worth $57,000. Legal & General Group Plc boosted its position in shares of Digital Turbine by 31.6% in the 2nd quarter. Legal & General Group Plc now owns 10,624 shares of the software maker's stock worth $63,000 after purchasing an additional 2,550 shares in the last quarter. State of Wyoming purchased a new position in Digital Turbine during the 2nd quarter worth $72,000. Prudential Financial Inc. acquired a new position in Digital Turbine during the 2nd quarter valued at about $74,000. Finally, Worth Venture Partners LLC purchased a new stake in Digital Turbine in the second quarter valued at about $74,000. Hedge funds and other 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.

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