Digital Turbine (NASDAQ:APPS) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Digital Turbine (NASDAQ:APPS) from a buy rating to a strong-buy rating in a report released on Saturday.

Other research analysts have also issued reports about the stock. Weiss Ratings lowered shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Zacks Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, Bank of America upgraded 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $8.75.

Digital Turbine Trading Down 3.4%

Shares of APPS opened at $8.34 on Friday. Digital Turbine has a 1-year low of $2.74 and a 1-year high of $13.60. The company has a market capitalization of $1.01 billion, a P/E ratio of -23.17, a P/E/G ratio of 0.65 and a beta of 2.75. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s 50 day simple moving average is $8.59 and its 200 day simple moving average is $5.66.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. The business had revenue of $142.55 million during the quarter, compared to analysts’ expectations of $133.22 million. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. Sell-side analysts forecast that Digital Turbine will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Digital Turbine

Several hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new position in Digital Turbine during the 2nd quarter worth approximately $674,000. Segall Bryant & Hamill LLC bought a new stake in Digital Turbine in the first quarter valued at approximately $1,283,000. Verus Capital Partners LLC bought a new stake in Digital Turbine in the first quarter valued at approximately $35,000. Essential Partners LLC boosted 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 valued at $26,000 after purchasing an additional 5,652 shares during the period. Finally, Bank of America Corp DE boosted its position in Digital Turbine by 17.4% during the 1st quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker’s stock valued at $10,423,000 after buying an additional 535,169 shares during the period. 63.66% of the stock is owned by institutional investors.

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.