Digital Turbine (NASDAQ:APPS) Sets New 1-Year High – Time to Buy?

Digital Turbine, Inc. (NASDAQ:APPS)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $10.92 and last traded at $11.1780, with a volume of 1682583 shares traded. The stock had previously closed at $10.16.

Analyst Ratings Changes

APPS has been the subject of several research reports. Bank of America raised shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Wednesday, May 27th. Weiss Ratings cut Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Wall Street Zen upgraded Digital Turbine from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

Digital Turbine Price Performance

The business’s fifty day moving average price is $6.25 and its 200 day moving average price is $5.00. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $1.33 billion, a P/E ratio of -30.55, a PEG ratio of 0.79 and a beta of 2.85.

Digital Turbine (NASDAQ:APPS) last posted its 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 the consensus estimate of $133.22 million. Sell-side analysts forecast that Digital Turbine, Inc. will post 0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Digital Turbine

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Digital Turbine by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 9,101,779 shares of the software maker’s stock worth $45,509,000 after purchasing an additional 29,540 shares during the last quarter. Granahan Investment Management LLC increased its stake in shares of 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 buying an additional 762,888 shares during the period. AIGH Capital Management LLC bought a new position in shares of Digital Turbine during the first quarter worth about $14,100,000. Bank of America Corp DE lifted its stake in shares of 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 worth $10,423,000 after acquiring an additional 535,169 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Digital Turbine by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 2,528,772 shares of the software maker’s stock worth $12,646,000 after acquiring an additional 110,871 shares during the period. Institutional investors 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.