Digital Turbine, Inc. (NASDAQ:APPS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Digital Turbine, Inc. (NASDAQ:APPS) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.75.

A number of research analysts have issued reports on APPS shares. Zacks Research lowered shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Benchmark upped their target price on Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Digital Turbine in a research note on Wednesday, September 2nd. Finally, Roth Capital reaffirmed a “buy” rating and set a $17.50 price target on shares of Digital Turbine in a research report on Thursday, August 6th.

Digital Turbine Price Performance

Shares of NASDAQ APPS opened at $11.30 on Wednesday. Digital Turbine has a fifty-two week low of $2.74 and a fifty-two week high of $15.34. The company has a market cap of $1.37 billion, a PE ratio of -43.46, a P/E/G ratio of 0.46 and a beta of 2.87. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.20 and a current ratio of 1.20. The business has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $7.18.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The firm had revenue of $165.98 million for the quarter, compared to the consensus estimate of $149.98 million. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. As a group, equities analysts expect that Digital Turbine will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Digital Turbine by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock valued at $156,000 after buying an additional 2,449 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Digital Turbine by 74.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock valued at $2,774,000 after acquiring an additional 437,310 shares during the period. Strs Ohio purchased a new stake in shares of Digital Turbine in the 1st quarter valued at $41,000. Creative Planning boosted its holdings in shares of Digital Turbine by 39.2% in the 2nd quarter. Creative Planning now owns 21,289 shares of the software maker’s stock valued at $126,000 after acquiring an additional 5,991 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Digital Turbine by 272.0% in the second quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock worth $4,049,000 after acquiring an additional 501,829 shares during the period. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

Digital Turbine Company Profile

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.