Digital Turbine (NASDAQ:APPS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Digital Turbine (NASDAQ:APPS) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

Several other analysts have also recently issued reports on the company. Zacks Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. Weiss Ratings lowered shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Finally, Bank of America upgraded shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.75.

Digital Turbine Stock Performance

Shares of Digital Turbine stock opened at $8.34 on Friday. Digital Turbine has a twelve month low of $2.74 and a twelve month high of $13.60. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.84. The business has a 50-day moving average price of $8.67 and a 200-day moving average price of $5.69. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -23.17, a PEG ratio of 0.65 and a beta of 2.75.

Digital Turbine (NASDAQ:APPS) last posted its earnings results on Tuesday, May 26th. The software maker reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. The company had revenue of $142.55 million for the quarter, compared to the consensus estimate of $133.22 million. Digital Turbine had a positive return on equity of 27.60% and a negative net margin of 6.68%. Equities research analysts anticipate that Digital Turbine will post 0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Digital Turbine

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Digital Turbine by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock valued at $156,000 after buying an additional 2,449 shares during the period. Goldman Sachs Group Inc. boosted its stake in Digital Turbine by 74.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock worth $2,774,000 after buying an additional 437,310 shares during the period. Strs Ohio purchased a new position in Digital Turbine during the first quarter worth $41,000. Creative Planning increased its position in Digital Turbine by 39.2% during the second quarter. Creative Planning now owns 21,289 shares of the software maker’s stock valued at $126,000 after acquiring an additional 5,991 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Digital Turbine by 272.0% during the second quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock valued at $4,049,000 after acquiring an additional 501,829 shares during the last quarter. Hedge funds and other 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.