Segall Bryant & Hamill LLC Takes Position in Digital Turbine, Inc. $APPS

Segall Bryant & Hamill LLC purchased a new stake in shares of Digital Turbine, Inc. (NASDAQ:APPS) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 445,561 shares of the software maker’s stock, valued at approximately $1,283,000.

A number of other institutional investors also recently bought and sold shares of the stock. Verus Capital Partners LLC bought a new stake in Digital Turbine during the 1st quarter valued at approximately $35,000. Essential Partners LLC grew its holdings in shares of Digital Turbine by 167.3% during the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after acquiring an additional 5,652 shares during the period. Bank of America Corp DE raised its position in shares of Digital Turbine by 17.4% in the 1st quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker’s stock worth $10,423,000 after acquiring an additional 535,169 shares in the last quarter. Granahan Investment Management LLC raised its position in shares of Digital Turbine by 12.0% in the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock worth $20,484,000 after acquiring an additional 762,888 shares in the last quarter. Finally, GC Wealth Management RIA LLC lifted its stake in shares of Digital Turbine by 41.9% in the 1st quarter. GC Wealth Management RIA LLC now owns 576,273 shares of the software maker’s stock valued at $1,660,000 after purchasing an additional 170,134 shares during the period. 63.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on APPS shares. 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. Craig Hallum reiterated a “buy” rating and issued a $18.00 price objective on shares of Digital Turbine in a report on Wednesday. Wall Street Zen raised Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Weiss Ratings cut shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Finally, Zacks Research downgraded shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Digital Turbine has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Digital Turbine Stock Performance

Shares of Digital Turbine stock opened at $13.17 on Thursday. Digital Turbine, Inc. has a 1 year low of $2.74 and a 1 year high of $14.10. The firm’s 50-day moving average is $9.73 and its 200 day moving average is $6.02. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -50.65, a PEG ratio of 0.74 and a beta of 2.81. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.16 and a quick ratio of 1.16.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $165.98 million during the quarter, compared to analyst estimates of $149.98 million. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 39.00%. Sell-side analysts anticipate that Digital Turbine, Inc. will post 0.68 EPS for the current fiscal year.

Trending Headlines about Digital Turbine

Here are the key news stories impacting Digital Turbine this week:

• Positive Sentiment: Fiscal Q1 revenue rose 27% year over year to $166.0 million, exceeding analyst expectations of roughly $150 million to $153 million. Adjusted EPS was $0.19, ahead of the $0.14 consensus estimate. Digital Turbine Stock Soars as Losses Nearly Disappear
• Positive Sentiment: Profitability improved substantially: adjusted EBITDA climbed 69% to $42.5 million, gross profit increased 32.3% to $82.0 million, and the GAAP net loss narrowed to $3.2 million from a significantly larger prior-period loss. Operating cash flow more than doubled to $17.9 million. Digital Turbine Fiscal Q1 Results
• Positive Sentiment: Management raised fiscal 2027 guidance to $650 million-$670 million in revenue and $145 million-$155 million in adjusted EBITDA, above the previous outlook and analyst revenue expectations. The company cited international growth, AI, first-party data and brand advertising as key drivers. Digital Turbine Raises Fiscal 2027 Guidance
• Positive Sentiment: Benchmark raised its APPS price target from $15 to $16 and maintained a Buy rating, reinforcing Wall Street optimism that the company’s growth can continue.
• Positive Sentiment: Unusually heavy call-option activity and the stock reaching a new 52-week high reflected strong speculative and institutional interest following the earnings release.
• Neutral Sentiment: Despite the improved results, Digital Turbine remains GAAP-unprofitable, and its balance sheet carries meaningful leverage. Mixed recent institutional buying and selling also suggest that investor conviction is not uniform.

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.