Digital Turbine, Inc. (NASDAQ:APPS) Stock Has Average Price Target of $15.10

Shares of Digital Turbine, Inc. (NASDAQ:APPS) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.42.

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Digital Turbine from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. Zacks Research cut Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. TD Cowen reissued a “hold” rating on shares of Digital Turbine in a research note on Tuesday, September 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Turbine in a research note on Wednesday, September 2nd. Finally, Northland Securities began coverage on Digital Turbine in a report on Thursday, October 29th. They issued an “outperform” rating and a $17.00 price target on the stock.

Institutional Trading of Digital Turbine

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA acquired a new stake in Digital Turbine during the 3rd quarter valued at $234,000. CenterBook Partners LP bought a new position in shares of Digital Turbine in the 3rd quarter valued at $1,358,000. Counterpoint Mutual Funds LLC acquired a new position in Digital Turbine during the 3rd quarter worth approximately $264,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Digital Turbine during the 3rd quarter valued at $25,000. Finally, State of Alaska Department of Revenue grew its stake in shares of Digital Turbine by 86.9% in the third quarter. State of Alaska Department of Revenue now owns 9,223 shares of the software maker’s stock worth $102,000 after purchasing an additional 4,288 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

More Digital Turbine News

Here are the key news stories impacting Digital Turbine this week:

• Positive Sentiment: Digital Turbine’s turnaround is gaining momentum, with Q1 FY2027 revenue up 27% and adjusted EBITDA up 69%. Growth was attributed to expansion in its advertising growth platform and international on-device solutions, alongside improved operating leverage. Digital Turbine: The Turnaround Is Gaining Momentum, But Debt Remains The Wild Card
• Positive Sentiment: Northland Securities reiterated an “Outperform” rating and a $17 price target. Its estimates project $0.53 EPS for FY2027 and $0.72 for FY2028, suggesting earnings growth ahead. Digital Turbine analyst estimates
• Positive Sentiment: A separate valuation article raises the possibility that APPS may be undervalued after a recent 16% pullback, though it questions whether the share price appropriately reflects the company’s sales and growth outlook. Digital Turbine (APPS) Stock May Be Undervalued After A 16% Drop
• Negative Sentiment: Debt remains the main caveat: sustained upside depends on converting adjusted EBITDA into free cash flow to reduce borrowings. Cash conversion and refinancing are identified as near-term risks. Digital Turbine: The Turnaround Is Gaining Momentum, But Debt Remains The Wild Card

Digital Turbine Stock Performance

Shares of Digital Turbine stock opened at $9.54 on Thursday. The stock’s fifty day simple moving average is $10.63 and its 200 day simple moving average is $7.60. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $1.15 billion, a PE ratio of -36.69, a PEG ratio of 0.47 and a beta of 3.01. Digital Turbine has a 12 month low of $2.74 and a 12 month high of $15.34.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. The business had revenue of $165.98 million for the quarter, compared to analysts’ expectations of $149.98 million. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%. On average, research analysts predict that Digital Turbine will post 0.63 EPS for the current year.

Digital Turbine Company Profile

Digital Turbine, Inc (NASDAQ: APPS) is a mobile advertising and application distribution company that helps advertisers, mobile carriers, device manufacturers and application developers connect with smartphone users. Its platform is designed to support the discovery, distribution, promotion and monetization of mobile applications and digital content.

The company provides technology that can be integrated into mobile devices and operating systems, including tools for app recommendations, device setup and application installation.