Digital Turbine (NASDAQ:APPS) Shares Gap Up – What’s Next?

Shares of Digital Turbine, Inc. (NASDAQ:APPS) gapped up before the market opened on Wednesday . The stock had previously closed at $4.17, but opened at $4.36. Digital Turbine shares last traded at $4.4050, with a volume of 815,068 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on APPS shares. Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research downgraded shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Digital Turbine in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Digital Turbine has an average rating of “Hold” and a consensus price target of $7.75.

Digital Turbine Trading Down 2.0%

The firm has a market capitalization of $534.75 million, a price-to-earnings ratio of -9.29, a P/E/G ratio of 0.18 and a beta of 2.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s 50-day simple moving average is $3.50 and its 200 day simple moving average is $4.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Digital Turbine during the third quarter valued at approximately $31,000. Quarry LP raised its position in Digital Turbine by 1,323.4% during the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after purchasing an additional 5,201 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Digital Turbine during the fourth quarter valued at approximately $44,000. Essential Partners LLC grew its stake in shares of Digital Turbine by 167.3% during the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after buying an additional 5,652 shares during the last quarter. Finally, Smartleaf Asset Management LLC bought a new stake in shares of Digital Turbine during the second quarter worth $57,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

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.