B. Riley set a $7.00 price objective on Digital Turbine (NASDAQ:APPS) in a report released on Monday, TipRanks reports. The brokerage currently has a buy rating on the software maker’s stock.
A number of other analysts have also commented on APPS. BidaskClub lowered Digital Turbine from a strong-buy rating to a buy rating in a research note on Wednesday. LADENBURG THALM/SH SH lifted their price target on shares of Digital Turbine from $4.50 to $5.10 and gave the stock a buy rating in a report on Tuesday, June 4th. ValuEngine raised shares of Digital Turbine from a buy rating to a strong-buy rating in a research note on Thursday, June 27th. National Securities restated a buy rating and issued a $4.50 price objective on shares of Digital Turbine in a report on Tuesday, June 4th. Finally, Zacks Investment Research raised Digital Turbine from a hold rating to a buy rating and set a $5.75 target price on the stock in a report on Tuesday, July 2nd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $5.73.
Shares of APPS stock traded up $0.31 on Monday, reaching $6.70. The company had a trading volume of 2,283,634 shares, compared to its average volume of 1,604,497. The stock has a market capitalization of $565.29 million, a PE ratio of 134.00 and a beta of 1.47. Digital Turbine has a one year low of $1.12 and a one year high of $7.84. The business’s 50-day moving average is $6.51 and its 200 day moving average is $4.64.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can acquired a new stake in Digital Turbine during the second quarter worth approximately $32,000. Steward Partners Investment Advisory LLC bought a new stake in Digital Turbine in the second quarter worth approximately $33,000. Delta Investment Management LLC acquired a new position in Digital Turbine in the second quarter valued at approximately $75,000. Bogle Investment Management L P DE acquired a new position in Digital Turbine in the second quarter valued at approximately $156,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Digital Turbine during the 1st quarter worth approximately $141,000. 39.36% of the stock is currently owned by institutional investors and hedge funds.
About Digital Turbine
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.
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