Shares of Digital Turbine Inc (NASDAQ:APPS) gapped down before the market opened on Tuesday . The stock had previously closed at $8.88, but opened at $8.54. Digital Turbine shares last traded at $8.26, with a volume of 4,914,337 shares.
Several brokerages recently weighed in on APPS. Roth Capital reissued a “buy” rating and issued a $9.00 price objective on shares of Digital Turbine in a report on Monday, November 25th. BidaskClub raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 21st. ValuEngine downgraded shares of Digital Turbine from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating and set a $7.75 target price for the company in a research note on Wednesday, November 6th. Finally, B. Riley set a $7.00 target price on shares of Digital Turbine and gave the stock a “buy” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $6.48.
The business’s fifty day simple moving average is $7.56 and its 200-day simple moving average is $6.13. The firm has a market cap of $708.87 million, a P/E ratio of 165.20 and a beta of 1.58.
Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC grew its position in shares of Digital Turbine by 50.3% during the 2nd quarter. Acadian Asset Management LLC now owns 929,641 shares of the software maker’s stock valued at $4,648,000 after purchasing an additional 310,980 shares in the last quarter. Stone Ridge Asset Management LLC boosted its stake in Digital Turbine by 433.6% during the second quarter. Stone Ridge Asset Management LLC now owns 61,900 shares of the software maker’s stock valued at $310,000 after buying an additional 50,300 shares during the period. Northern Trust Corp boosted its stake in Digital Turbine by 63.0% during the second quarter. Northern Trust Corp now owns 179,264 shares of the software maker’s stock valued at $896,000 after buying an additional 69,319 shares during the period. Calamos Advisors LLC bought a new stake in Digital Turbine during the second quarter valued at $2,185,000. Finally, Invesco Ltd. bought a new position in Digital Turbine in the 2nd quarter worth about $2,847,000. 39.38% of the stock is owned by hedge funds and other institutional investors.
Digital Turbine Company Profile (NASDAQ:APPS)
Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.
Read More: Green Investing
Receive News & Ratings for Digital Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Turbine and related companies with MarketBeat.com's FREE daily email newsletter.