Digital Turbine (NASDAQ:APPS) Reaches New 52-Week High – Should You Buy?

Digital Turbine, Inc. (NASDAQ:APPS) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $10.07 and last traded at $9.35, with a volume of 8597603 shares. The stock had previously closed at $9.01.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Wednesday, May 27th. Weiss Ratings lowered shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Finally, Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

Digital Turbine Stock Up 3.8%

The business’s 50 day moving average is $4.83 and its 200-day moving average is $4.64. 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 has a market capitalization of $1.23 billion, a price-to-earnings ratio of -28.39, a price-to-earnings-growth ratio of 0.76 and a beta of 2.85.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping 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 $133.23 million. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. Equities analysts anticipate that Digital Turbine, Inc. will post 0.68 EPS for the current fiscal year.

Institutional Trading of Digital Turbine

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new stake in Digital Turbine in the 1st quarter worth $1,283,000. Verus Capital Partners LLC acquired a new stake in Digital Turbine in the 1st quarter worth $35,000. Essential Partners LLC grew its position in Digital Turbine by 167.3% in the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after purchasing an additional 5,652 shares during the last quarter. Bank of America Corp DE grew its position in Digital Turbine by 17.4% in the 1st quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker’s stock worth $10,423,000 after purchasing an additional 535,169 shares during the last quarter. Finally, Granahan Investment Management LLC grew its position in Digital Turbine by 12.0% in the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock worth $20,484,000 after purchasing an additional 762,888 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

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.