Digital Turbine (NASDAQ:APPS) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Digital Turbine from “hold” to “buy,” even though other analysts remain mixed and MarketBeat still shows an overall “hold” consensus with a $7.75 target price.
• The stock rose 1.3% to $4.04 and trades well below its 52-week high of $8.28, with a market cap of about $484.4 million and a beta of 2.40, indicating relatively high volatility.
• Digital Turbine’s latest earnings beat expectations, reporting $0.18 EPS on revenue of $151.4 million versus estimates of $0.16 EPS and $145.72 million in revenue, while institutional ownership remains high at 63.66%.

Digital Turbine (NASDAQ:APPS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Several other research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Digital Turbine from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Digital Turbine in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Digital Turbine presently has an average rating of "Hold" and a consensus target price of $7.75.

Digital Turbine Stock Up 1.3%

APPS stock opened at $4.04 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.80. Digital Turbine has a fifty-two week low of $2.74 and a fifty-two week high of $8.28. The firm's 50-day simple moving average is $3.48 and its 200 day simple moving average is $4.55. The stock has a market cap of $484.40 million, a PE ratio of -8.42, a price-to-earnings-growth ratio of 0.16 and a beta of 2.40.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released its earnings results 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 analysts' expectations of $145.72 million. Digital Turbine had a negative net margin of 8.93% and a positive return on equity of 21.26%. As a group, sell-side analysts predict that Digital Turbine will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in APPS. AIGH Capital Management LLC acquired a new position in Digital Turbine during the 1st quarter valued at about $14,100,000. Granahan Investment Management LLC grew its stake in shares of 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 in the last quarter. Invesco Ltd. grew its stake in shares of Digital Turbine by 369.0% during the 4th quarter. Invesco Ltd. now owns 1,829,003 shares of the software maker's stock worth $9,145,000 after acquiring an additional 1,438,986 shares in the last quarter. Manatuck Hill Partners LLC boosted its holdings in shares of Digital Turbine by 233.3% in the 4th quarter. Manatuck Hill Partners LLC now owns 2,000,000 shares of the software maker's stock valued at $10,000,000 after buying an additional 1,400,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Digital Turbine by 56.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker's stock valued at $6,778,000 after purchasing an additional 846,116 shares during the last quarter. Institutional investors and hedge funds own 63.66% of the company's stock.

About Digital Turbine

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.

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