Digital Turbine (NASDAQ:APPS) Stock Price Up 4.2% – What’s Next?

Shares of Digital Turbine, Inc. (NASDAQ:APPS) traded up 4.2% during trading on Friday . The stock traded as high as $8.37 and last traded at $8.3650. 222,513 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 4,091,171 shares. The stock had previously closed at $8.03.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Roth Capital started coverage on shares of Digital Turbine in a report on Tuesday. They issued a “buy” rating and a $11.50 price target on the stock. Weiss Ratings lowered Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Benchmark assumed coverage on Digital Turbine in a report on Tuesday. They issued a “buy” rating and a $15.00 price objective for the company. Zacks Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $11.00.

Digital Turbine Stock Performance

The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s 50 day moving average is $8.94 and its 200-day moving average is $5.76. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -23.82, a PEG ratio of 0.66 and a beta of 2.75.

Digital Turbine (NASDAQ:APPS) last released its quarterly 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. The company had revenue of $142.55 million for the quarter, compared to analyst estimates of $133.22 million. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. Analysts forecast that Digital Turbine, Inc. will post 0.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Digital Turbine

Large investors have recently bought and sold shares of the business. AIGH Capital Management LLC acquired a new stake in Digital Turbine in the first quarter valued at approximately $14,100,000. Globeflex Capital L P acquired a new position in shares of Digital Turbine during the 1st quarter worth approximately $1,227,000. UBS Group AG lifted its position in shares of Digital Turbine by 444.0% during the 4th quarter. UBS Group AG now owns 779,585 shares of the software maker’s stock valued at $3,898,000 after buying an additional 636,267 shares in the last quarter. S Squared Technology LLC lifted its position in shares of Digital Turbine by 13.0% during the 4th quarter. S Squared Technology LLC now owns 653,571 shares of the software maker’s stock valued at $3,268,000 after buying an additional 75,000 shares in the last quarter. Finally, Manatuck Hill Partners LLC grew its stake in Digital Turbine by 233.3% in the 4th quarter. Manatuck Hill Partners LLC now owns 2,000,000 shares of the software maker’s stock valued at $10,000,000 after acquiring an additional 1,400,000 shares during the period. Institutional investors and hedge funds own 63.66% of the company’s stock.

About Digital Turbine

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.