Digital Turbine (NASDAQ:APPS) Hits New 1-Year High – What’s Next?

Digital Turbine, Inc. (NASDAQ:APPS) shares hit a new 52-week high on Thursday . The company traded as high as $13.55 and last traded at $13.31, with a volume of 4666698 shares. The stock had previously closed at $12.90.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America raised shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price on the stock in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Digital Turbine from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings lowered Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. One 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.75.

Digital Turbine Stock Performance

The stock has a market cap of $1.61 billion, a P/E ratio of -36.97, a price-to-earnings-growth ratio of 1.00 and a beta of 2.75. The firm’s 50-day moving average is $6.96 and its two-hundred day moving average is $5.21. 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 posted its earnings results on Tuesday, May 26th. The software maker reported $0.16 EPS for the quarter, topping 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 company had revenue of $142.55 million during the quarter, compared to the consensus estimate of $133.22 million. As a group, research analysts expect that Digital Turbine, Inc. will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Digital Turbine

Several hedge funds have recently bought and sold shares of APPS. Essential Partners LLC lifted its position in shares of Digital Turbine by 167.3% in 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. Quarry LP increased its holdings in shares of Digital Turbine by 1,323.4% during the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after acquiring an additional 5,201 shares during the last quarter. Verus Capital Partners LLC bought a new position in shares of Digital Turbine in the 1st quarter valued at approximately $35,000. Strs Ohio bought a new position in shares of Digital Turbine in the 1st quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Digital Turbine in the 4th quarter worth approximately $44,000. 63.66% of the stock is owned by institutional investors and hedge funds.

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.