Digital Turbine, Inc. (NASDAQ:APPS) Stock Rated “Moderate Buy” by Wall Street Analysts

Digital Turbine, Inc. (NASDAQ:APPS) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.80.

Several research firms have recently issued reports on APPS. Wall Street Zen raised Digital Turbine from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Roth Capital reissued a “buy” rating and issued a $17.50 price objective on shares of Digital Turbine in a research note on Thursday, August 6th. TD Cowen reissued a “hold” rating on shares of Digital Turbine in a research note on Tuesday, September 29th. Craig Hallum restated a “buy” rating and set a $18.00 target price on shares of Digital Turbine in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada assumed coverage on shares of Digital Turbine in a research report on Thursday, October 1st. They set an “outperform” rating and a $15.00 target price for the company.

Digital Turbine Stock Down 3.2%

APPS stock opened at $10.43 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of -40.12, a P/E/G ratio of 0.44 and a beta of 3.02. Digital Turbine has a 52 week low of $2.74 and a 52 week high of $15.34. The company’s 50-day moving average price is $11.39 and its 200 day moving average price is $8.34. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.80.

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

Institutional Trading of Digital Turbine

Several large investors have recently modified their holdings of the business. Allworth Financial LP raised its position in shares of Digital Turbine by 42.4% during the 2nd quarter. Allworth Financial LP now owns 5,698 shares of the software maker’s stock worth $74,000 after purchasing an additional 1,696 shares during the last quarter. Diversified Trust Co lifted its stake in Digital Turbine by 14.6% in the 1st quarter. Diversified Trust Co now owns 30,131 shares of the software maker’s stock valued at $87,000 after buying an additional 3,831 shares in the last quarter. Cetera Investment Advisers grew its holdings in Digital Turbine by 22.2% during the 1st quarter. Cetera Investment Advisers now owns 23,832 shares of the software maker’s stock valued at $69,000 after buying an additional 4,323 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Digital Turbine during the 2nd quarter valued at $56,000. Finally, Essential Partners LLC grew its holdings in Digital Turbine by 167.3% during the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock valued at $26,000 after buying an additional 5,652 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Digital Turbine Company Profile

Digital Turbine, Inc is a mobile advertising and application-growth company that helps advertisers, app developers, wireless carriers and device manufacturers connect with mobile users. Its platform supports the distribution, promotion and monetization of applications across smartphones and other connected devices.

The company’s products and services include on-device app discovery and recommendation tools, app-install solutions, mobile advertising formats, audience-targeting capabilities and programmatic advertising technology.