Brokerages Set Digital Turbine, Inc. (NASDAQ:APPS) Target Price at $7.50

Shares of Digital Turbine, Inc. (NASDAQ:APPS) have earned an average rating of “Hold” from the four brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $7.50.

A number of brokerages recently commented on APPS. Craig Hallum lowered their price objective on Digital Turbine from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Roth Mkm lowered their price target on shares of Digital Turbine from $5.50 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Finally, StockNews.com upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th.

Digital Turbine Trading Down 1.4 %

NASDAQ APPS opened at $2.13 on Friday. The firm has a market capitalization of $217.30 million, a PE ratio of -1.08, a price-to-earnings-growth ratio of 5.06 and a beta of 2.54. Digital Turbine has a one year low of $1.78 and a one year high of $14.61. The company has a 50-day simple moving average of $2.40 and a 200-day simple moving average of $4.29. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.07.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Wednesday, February 7th. The software maker reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $142.63 million during the quarter, compared to analyst estimates of $146.45 million. Digital Turbine had a negative net margin of 34.53% and a positive return on equity of 4.48%. On average, equities analysts forecast that Digital Turbine will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pineridge Advisors LLC bought a new position in shares of Digital Turbine in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC acquired a new position in shares of Digital Turbine in the 4th quarter worth approximately $43,000. New Mexico Educational Retirement Board bought a new stake in shares of Digital Turbine in the 1st quarter worth approximately $47,000. Allspring Global Investments Holdings LLC acquired a new stake in Digital Turbine during the first quarter valued at approximately $55,000. Finally, Blue Trust Inc. boosted its holdings in Digital Turbine by 87.6% during the fourth quarter. Blue Trust Inc. now owns 9,093 shares of the software maker’s stock worth $62,000 after buying an additional 4,245 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.