Digital Turbine, Inc. (NASDAQ:APPS) Receives Consensus Rating of “Buy” from Brokerages

Shares of Digital Turbine, Inc. (NASDAQ:APPS) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $11.00.

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Weiss Ratings lowered shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Benchmark assumed coverage on shares of Digital Turbine in a report on Tuesday, July 21st. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Roth Capital started coverage on shares of Digital Turbine in a report on Tuesday, July 21st. They issued a “buy” rating and a $11.50 price objective on the stock.

Digital Turbine Stock Performance

Shares of APPS stock opened at $8.59 on Tuesday. The stock has a fifty day moving average of $9.12 and a 200 day moving average of $5.81. Digital Turbine has a 52 week low of $2.74 and a 52 week high of $13.60. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -23.86, a PEG ratio of 0.65 and a beta of 2.75. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.84.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $133.22 million. As a group, research analysts expect that Digital Turbine will post 0.68 earnings per share for the current year.

Institutional Trading of Digital Turbine

Several hedge funds and other institutional investors have recently made changes to their positions in APPS. Essential Partners LLC increased its position in Digital Turbine by 167.3% during the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock valued at $26,000 after buying an additional 5,652 shares in the last quarter. Quarry LP boosted its holdings in Digital Turbine by 1,323.4% in the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after acquiring an additional 5,201 shares in the last quarter. Verus Capital Partners LLC purchased a new stake in shares of Digital Turbine in the first quarter worth $35,000. Strs Ohio bought a new position in shares of Digital Turbine during the first quarter valued at $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Digital Turbine during the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Company Profile

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.