Digital Turbine, Inc. (NASDAQ:APPS) Receives $14.75 Average PT from Brokerages

Digital Turbine, Inc. (NASDAQ:APPS) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $14.75.

APPS has been the subject of several recent analyst reports. Benchmark upped their target price on Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Roth Capital reiterated a “buy” rating and set a $17.50 price target on shares of Digital Turbine in a report on Thursday, August 6th. Bank of America raised Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price objective on the stock in a research report on Wednesday, May 27th. Weiss Ratings downgraded Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $18.00 target price on shares of Digital Turbine in a research report on Wednesday, August 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Digital Turbine by 56.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock worth $6,778,000 after buying an additional 846,116 shares during the last quarter. Granahan Investment Management LLC lifted its position in shares of Digital Turbine by 12.0% during the 1st 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 last quarter. AIGH Capital Management LLC purchased a new position in shares of Digital Turbine during the 1st quarter valued at $14,100,000. GC Wealth Management RIA LLC grew its stake in shares of Digital Turbine by 41.9% during the 1st quarter. GC Wealth Management RIA LLC now owns 576,273 shares of the software maker’s stock worth $1,660,000 after acquiring an additional 170,134 shares during the period. Finally, Globeflex Capital L P bought a new position in shares of Digital Turbine during the 1st quarter worth $1,227,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

Digital Turbine Stock Up 1.5%

APPS opened at $10.87 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.20 and a quick ratio of 1.20. The company’s 50-day moving average is $10.52 and its 200 day moving average is $6.62. Digital Turbine has a fifty-two week low of $2.74 and a fifty-two week high of $15.34. The firm has a market capitalization of $1.32 billion, a P/E ratio of -41.81, a PEG ratio of 0.46 and a beta of 2.81.

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

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.