Digital Turbine (NASDAQ:APPS) Trading Up 10.4% – Should You Buy?

Shares of Digital Turbine, Inc. (NASDAQ:APPS) rose 10.4% on Monday . The stock traded as high as $8.92 and last traded at $8.9020. 2,172,480 shares traded hands during trading, a decline of 46% from the average session volume of 4,030,111 shares. The stock had previously closed at $8.06.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on APPS shares. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Zacks Research downgraded shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings cut shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Benchmark began coverage on Digital Turbine in a research note on Tuesday, July 21st. They issued a “buy” rating and a $15.00 price target for the company. Finally, Roth Capital began coverage on Digital Turbine in a research note on Tuesday, July 21st. They set a “buy” rating and a $11.50 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.00.

Digital Turbine Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -24.74, a price-to-earnings-growth ratio of 0.62 and a beta of 2.81. The company’s 50-day moving average is $9.42 and its 200-day moving average is $5.90.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.07. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. The business had revenue of $142.55 million for the quarter, compared to analysts’ expectations of $133.22 million. Equities research analysts predict that Digital Turbine, Inc. will post 0.68 earnings per share for the current year.

Hedge Funds Weigh In On Digital Turbine

Hedge funds and other institutional investors have recently modified their holdings of the business. Granahan Investment Management LLC raised its holdings in shares of Digital Turbine by 12.0% during the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock worth $20,484,000 after buying an additional 762,888 shares in the last quarter. AIGH Capital Management LLC acquired a new stake in Digital Turbine in the first quarter valued at about $14,100,000. GC Wealth Management RIA LLC raised its stake in Digital Turbine by 41.9% during the first quarter. GC Wealth Management RIA LLC now owns 576,273 shares of the software maker’s stock worth $1,660,000 after acquiring an additional 170,134 shares in the last quarter. Globeflex Capital L P acquired a new position in Digital Turbine during the first quarter worth about $1,227,000. Finally, UBS Group AG lifted its holdings in shares of Digital Turbine by 444.0% in the fourth quarter. UBS Group AG now owns 779,585 shares of the software maker’s stock worth $3,898,000 after acquiring an additional 636,267 shares during the last quarter. Institutional investors 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.