Digital Turbine (NASDAQ:APPS) Stock Rating Upgraded by Wall Street Zen

Digital Turbine (NASDAQ:APPS) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

APPS has been the topic of several other research reports. Weiss Ratings downgraded shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Roth Capital restated a “buy” rating and set a $17.50 price target on shares of Digital Turbine in a report on Thursday, August 6th. Benchmark raised their price target on Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Zacks Research lowered Digital Turbine from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Craig Hallum reissued a “buy” rating and set a $18.00 price objective on shares of Digital Turbine in a research report on Wednesday, August 5th. Four investment 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.75.

Digital Turbine Price Performance

Shares of Digital Turbine stock opened at $11.09 on Friday. The stock has a market capitalization of $1.34 billion, a P/E ratio of -42.65, a PEG ratio of 0.47 and a beta of 2.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.80. The stock has a 50 day moving average price of $10.72 and a two-hundred day moving average price of $6.86. Digital Turbine has a 12-month low of $2.74 and a 12-month high of $15.34.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. The company had revenue of $165.98 million for the quarter, compared to analyst estimates of $149.98 million. Equities analysts expect that Digital Turbine will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

A number of institutional investors have recently bought and sold shares of the business. Quarry LP increased its holdings in Digital Turbine by 1,323.4% in the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after buying an additional 5,201 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Digital Turbine during the 4th quarter valued at about $44,000. 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. Smartleaf Asset Management LLC acquired a new position in Digital Turbine in the second quarter worth about $57,000. Finally, Legal & General Group Plc raised its position in Digital Turbine by 31.6% in the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock worth $63,000 after purchasing an additional 2,550 shares in the last quarter. 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.