Digital Turbine (NASDAQ:APPS) Upgraded at Benchmark

Digital Turbine (NASDAQ:APPS) was upgraded by Benchmark to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Bank of America upgraded Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Wednesday, May 27th. Weiss Ratings downgraded Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Wall Street Zen upgraded Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Finally, Roth Capital began coverage on Digital Turbine in a research note on Tuesday. They issued a “buy” rating and a $11.50 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $11.00.

Digital Turbine Price Performance

NASDAQ APPS opened at $8.49 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.84. Digital Turbine has a 12 month low of $2.74 and a 12 month high of $13.60. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -23.58, a PEG ratio of 0.71 and a beta of 2.75. The company’s 50 day moving average is $8.87 and its two-hundred day moving average is $5.74.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. The business had revenue of $142.55 million during the quarter, compared to analyst estimates of $133.22 million. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. As a group, research analysts anticipate that Digital Turbine will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

Hedge funds and other institutional investors have recently made changes to their positions in the company. Essential Partners LLC raised its position in Digital Turbine by 167.3% in the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after purchasing an additional 5,652 shares during the period. Quarry LP lifted its holdings in shares of Digital Turbine by 1,323.4% in the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after buying an additional 5,201 shares during the period. Verus Capital Partners LLC bought a new position in Digital Turbine during the 1st quarter worth about $35,000. Strs Ohio purchased a new position in Digital Turbine during the first quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Digital Turbine in the 4th quarter worth $44,000. Hedge funds and other institutional investors 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.