Digital Turbine (NASDAQ:APPS) had its target price boosted by research analysts at Craig Hallum from $12.00 to $15.00 in a report released on Tuesday, Briefing.com Automated Import reports. The firm currently has a "buy" rating on the software maker's stock. Craig Hallum's price target would suggest a potential upside of 26.37% from the company's current price.
Other equities analysts have also issued research reports about the company. BidaskClub upgraded Digital Turbine from a "buy" rating to a "strong-buy" rating in a research note on Friday. Canaccord Genuity boosted their price target on Digital Turbine from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Roth Capital boosted their price target on Digital Turbine from $9.50 to $13.00 in a research note on Thursday, June 25th. B. Riley boosted their price target on Digital Turbine from $7.00 to $9.50 in a research note on Wednesday, June 3rd. Finally, Oppenheimer assumed coverage on Digital Turbine in a research note on Wednesday, June 24th. They set an "outperform" rating and a $14.00 price target on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Digital Turbine currently has an average rating of "Buy" and a consensus price target of $12.21.
NASDAQ:APPS opened at $11.87 on Tuesday. Digital Turbine has a twelve month low of $3.48 and a twelve month high of $12.06. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 79.13 and a beta of 1.77. The stock has a fifty day simple moving average of $8.14 and a 200-day simple moving average of $6.64. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.24.
Digital Turbine (NASDAQ:APPS) last released its earnings results on Tuesday, June 2nd. The software maker reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Digital Turbine had a return on equity of 26.09% and a net margin of 10.02%. The business had revenue of $39.35 million during the quarter, compared to the consensus estimate of $38.40 million. As a group, equities research analysts predict that Digital Turbine will post 0.37 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Ellington Management Group LLC lifted its stake in Digital Turbine by 9.1% during the 4th quarter. Ellington Management Group LLC now owns 21,600 shares of the software maker's stock worth $154,000 after acquiring an additional 1,800 shares in the last quarter. Bank of Montreal Can lifted its stake in Digital Turbine by 43.3% during the 4th quarter. Bank of Montreal Can now owns 9,866 shares of the software maker's stock worth $70,000 after acquiring an additional 2,981 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in Digital Turbine by 32.4% during the 1st quarter. Hennessy Advisors Inc. now owns 14,022 shares of the software maker's stock worth $60,000 after acquiring an additional 3,429 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Digital Turbine by 975.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,300 shares of the software maker's stock worth $30,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Digital Turbine by 5.3% during the 4th quarter. Rhumbline Advisers now owns 86,934 shares of the software maker's stock worth $620,000 after acquiring an additional 4,366 shares in the last quarter. 54.12% of the stock is currently owned by institutional investors and hedge funds.
About Digital Turbine
Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application developers, device original equipment manufacturers (OEMs), and other third parties worldwide. It provides Ignite, a software platform that enables mobile operators and OEMs to control, manage, and monetize devices.
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