ValuEngine upgraded shares of Digital Turbine (NASDAQ:APPS) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

APPS has been the subject of a number of other research reports. Zacks Investment Research upgraded Digital Turbine from a hold rating to a buy rating and set a $2.25 price objective for the company in a research note on Tuesday, January 9th. B. Riley raised their price objective on Digital Turbine from $2.50 to $2.80 and gave the company a buy rating in a research note on Thursday, February 8th. Finally, Roth Capital restated a buy rating on shares of Digital Turbine in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Digital Turbine presently has a consensus rating of Buy and a consensus price target of $1.91.

Shares of Digital Turbine (NASDAQ APPS) opened at $2.32 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84. Digital Turbine has a twelve month low of $0.69 and a twelve month high of $2.39.

Institutional investors and hedge funds have recently modified their holdings of the company. Granahan Investment Management Inc. MA acquired a new position in shares of Digital Turbine in the 3rd quarter worth approximately $350,000. Essex Investment Management Co. LLC acquired a new position in shares of Digital Turbine in the 3rd quarter worth approximately $665,000. EAM Investors LLC acquired a new position in shares of Digital Turbine in the 3rd quarter worth approximately $465,000. Trellus Management Company LLC grew its position in shares of Digital Turbine by 16.8% in the 3rd quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock worth $1,058,000 after acquiring an additional 100,689 shares in the last quarter. Finally, Unterberg Capital LLC grew its position in shares of Digital Turbine by 237.5% in the 3rd quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock worth $2,039,000 after acquiring an additional 950,000 shares in the last quarter. Institutional investors own 19.85% of the company’s stock.

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About Digital Turbine

Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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