Digital Turbine (NASDAQ:APPS) Trading 9.5% Higher – Should You Buy?

Digital Turbine, Inc. (NASDAQ:APPS) was up 9.5% during mid-day trading on Wednesday . The stock traded as high as $10.21 and last traded at $10.1410. Approximately 2,754,849 shares changed hands during trading, a decline of 33% from the average daily volume of 4,098,005 shares. The stock had previously closed at $9.26.

Analyst Ratings Changes

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

Digital Turbine Trading Up 9.1%

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 capitalization of $1.22 billion, a price-to-earnings ratio of -28.12, a P/E/G ratio of 0.72 and a beta of 2.85. The business has a 50-day moving average of $5.96 and a two-hundred day moving average of $4.93.

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

Institutional Investors Weigh In On Digital Turbine

A number of institutional investors have recently bought and sold shares of APPS. Segall Bryant & Hamill LLC acquired a new position in shares of Digital Turbine in the 1st quarter valued at $1,283,000. Verus Capital Partners LLC acquired a new stake in shares of Digital Turbine during the 1st quarter valued at about $35,000. Essential Partners LLC increased its stake in Digital Turbine by 167.3% in the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock valued at $26,000 after acquiring an additional 5,652 shares during the period. Bank of America Corp DE increased its stake in Digital Turbine by 17.4% in the first quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker’s stock valued at $10,423,000 after acquiring an additional 535,169 shares during the period. Finally, Granahan Investment Management LLC increased its stake in Digital Turbine by 12.0% in the first quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock valued at $20,484,000 after acquiring an additional 762,888 shares during the period. Institutional investors and hedge funds 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.