Digital Turbine (NASDAQ:APPS) Raised to Buy at Wall Street Zen

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

Other equities research analysts have also issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digital Turbine in a research note on Monday, December 29th. Zacks Research cut Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Craig Hallum reiterated a “buy” rating and set a $10.00 price objective on shares of Digital Turbine in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Digital Turbine Trading Down 2.1%

Shares of Digital Turbine stock opened at $4.15 on Friday. Digital Turbine has a 52-week low of $2.11 and a 52-week high of $8.28. The firm has a market capitalization of $497.59 million, a PE ratio of -8.65, a price-to-earnings-growth ratio of 0.48 and a beta of 2.26. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.10. The company’s fifty day moving average price is $5.06 and its two-hundred day moving average price is $5.23.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Tuesday, February 3rd. The software maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Digital Turbine had a negative net margin of 8.93% and a positive return on equity of 21.26%. The business had revenue of $151.40 million for the quarter, compared to analyst estimates of $145.72 million. On average, analysts expect that Digital Turbine will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Digital Turbine

A number of institutional investors and hedge funds have recently bought and sold shares of APPS. State of Alaska Department of Revenue acquired a new stake in shares of Digital Turbine in the third quarter valued at $31,000. Smartleaf Asset Management LLC bought a new stake in Digital Turbine during the 2nd quarter worth about $57,000. PFG Investments LLC acquired a new stake in Digital Turbine in the 4th quarter valued at about $50,000. Legal & General Group Plc increased its position in Digital Turbine by 31.6% in the 2nd quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after acquiring an additional 2,550 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Digital Turbine in the third quarter worth about $71,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

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.