Digital Turbine (NASDAQ:APPS - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Other equities research analysts have also recently issued research reports about the company. Bank of America upgraded Digital Turbine from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $4.50 to $5.50 in a research note on Wednesday, August 6th. Wall Street Zen cut Digital Turbine from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Craig Hallum upped their price target on Digital Turbine from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.17.
View Our Latest Stock Analysis on Digital Turbine
Digital Turbine Stock Down 2.4%
APPS traded down $0.17 on Wednesday, reaching $6.83. The company's stock had a trading volume of 2,695,424 shares, compared to its average volume of 5,362,273. The stock has a 50 day moving average of $4.91 and a two-hundred day moving average of $4.54. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $740.24 million, a price-to-earnings ratio of -8.87, a P/E/G ratio of 4.18 and a beta of 2.57. Digital Turbine has a fifty-two week low of $1.18 and a fifty-two week high of $7.77.
Digital Turbine (NASDAQ:APPS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The software maker reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.05). Digital Turbine had a negative net margin of 15.93% and a positive return on equity of 2.24%. The firm had revenue of $130.93 million during the quarter, compared to analysts' expectations of $121.94 million. Digital Turbine has set its FY 2026 guidance at EPS. As a group, analysts forecast that Digital Turbine will post -0.03 EPS for the current fiscal year.
Institutional Investors Weigh In On Digital Turbine
Hedge funds have recently bought and sold shares of the business. S Squared Technology LLC grew its stake in Digital Turbine by 241.2% during the 1st quarter. S Squared Technology LLC now owns 730,326 shares of the software maker's stock valued at $1,983,000 after purchasing an additional 516,266 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Digital Turbine by 74.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker's stock valued at $2,774,000 after purchasing an additional 437,310 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Digital Turbine during the 2nd quarter valued at approximately $12,031,000. Russell Investments Group Ltd. grew its stake in Digital Turbine by 29,604.4% during the 1st quarter. Russell Investments Group Ltd. now owns 821,327 shares of the software maker's stock valued at $2,230,000 after purchasing an additional 818,562 shares in the last quarter. Finally, P.A.W. Capital Corp grew its position in shares of Digital Turbine by 175.0% in the 1st quarter. P.A.W. Capital Corp now owns 550,000 shares of the software maker's stock worth $1,493,000 after acquiring an additional 350,000 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company's stock.
About Digital Turbine
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Digital Turbine, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Digital Turbine wasn't on the list.
While Digital Turbine currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
