Digital Turbine (NASDAQ:APPS) Sets New 52-Week High – What’s Next?

Digital Turbine, Inc. (NASDAQ:APPS)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $10.92 and last traded at $11.1780, with a volume of 1682583 shares changing hands. The stock had previously closed at $10.16.

Analyst Upgrades and Downgrades

APPS has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Wednesday, May 27th. Weiss Ratings downgraded Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Wall Street Zen raised Digital Turbine from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Digital Turbine presently has an average rating of “Moderate Buy” and an average price target of $8.75.

Digital Turbine Stock Performance

The firm has a fifty day moving average of $6.25 and a 200-day moving average of $5.00. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.33 billion, a P/E ratio of -30.55, a PEG ratio of 0.79 and a beta of 2.85.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.07. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. The business had revenue of $142.55 million for the quarter, compared to analyst estimates of $133.22 million. Research analysts predict that Digital Turbine, Inc. will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Digital Turbine

Several large investors have recently bought and sold shares of APPS. Essential Partners LLC raised its stake in Digital Turbine by 167.3% during the 1st 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 period. Quarry LP increased its stake in Digital Turbine by 1,323.4% during the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after purchasing an additional 5,201 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in Digital Turbine during the 1st quarter worth approximately $35,000. Strs Ohio bought a new position in Digital Turbine in the first quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Digital Turbine in the fourth quarter valued at approximately $44,000. 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.