Digital Turbine (NASDAQ:APPS) Shares Up 7.7% – Should You Buy?

Digital Turbine, Inc. (NASDAQ:APPS)’s stock price traded up 7.7% on Tuesday . The company traded as high as $5.06 and last traded at $4.9950. 813,223 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,960,387 shares. The stock had previously closed at $4.64.

Analysts Set New Price Targets

Several brokerages recently commented on APPS. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Digital Turbine in a report on Monday, December 8th. Finally, Craig Hallum reiterated a “buy” rating and set a $10.00 price objective on shares of Digital Turbine in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.75.

Digital Turbine Stock Performance

The company has a market cap of $559.07 million, a price-to-earnings ratio of -6.80, a P/E/G ratio of 1.41 and a beta of 2.30. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a fifty day simple moving average of $5.68 and a 200 day simple moving average of $5.33.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.09. The business had revenue of $140.38 million during the quarter, compared to the consensus estimate of $142.00 million. Digital Turbine had a negative net margin of 14.59% and a positive return on equity of 12.12%. On average, sell-side analysts expect that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Digital Turbine

A number of large investors have recently bought and sold shares of APPS. CIBC Bancorp USA Inc. bought a new stake in shares of Digital Turbine in the 3rd quarter worth about $71,000. Worth Venture Partners LLC increased its holdings in shares of Digital Turbine by 407.0% during the third quarter. Worth Venture Partners LLC now owns 63,375 shares of the software maker’s stock worth $406,000 after buying an additional 50,875 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Digital Turbine by 206.2% in the 3rd quarter. Verition Fund Management LLC now owns 104,854 shares of the software maker’s stock worth $671,000 after acquiring an additional 70,615 shares in the last quarter. Mariner LLC grew its holdings in shares of Digital Turbine by 4.6% during the third quarter. Mariner LLC now owns 120,309 shares of the software maker’s stock worth $770,000 after purchasing an additional 5,272 shares during the last quarter. Finally, Granahan Investment Management LLC increased its holdings in shares of Digital Turbine by 77.2% in the third quarter. Granahan Investment Management LLC now owns 5,713,937 shares of the software maker’s stock valued at $36,569,000 after purchasing an additional 2,489,376 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors.

About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.