Digital Turbine (NASDAQ:APPS) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Digital Turbine (NASDAQ:APPSGet Rating) from a sell rating to a hold rating in a research note released on Tuesday.

APPS has been the topic of several other reports. B. Riley dropped their target price on Digital Turbine from $33.00 to $28.00 and set a buy rating on the stock in a research note on Wednesday, October 5th. Bank of America started coverage on shares of Digital Turbine in a research note on Monday, October 17th. They issued a buy rating and a $24.00 target price on the stock. Craig Hallum decreased their target price on shares of Digital Turbine from $60.00 to $30.00 in a research note on Thursday, November 10th. Oppenheimer cut their price target on shares of Digital Turbine from $32.00 to $19.00 and set an outperform rating for the company in a report on Tuesday, October 4th. Finally, Roth Capital dropped their target price on shares of Digital Turbine from $32.00 to $20.00 in a report on Monday, October 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $26.83.

Digital Turbine Trading Up 5.0 %

Shares of NASDAQ APPS opened at $17.27 on Tuesday. The firm has a market cap of $1.71 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.03 and a beta of 2.34. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Digital Turbine has a twelve month low of $10.65 and a twelve month high of $70.52. The business has a fifty day simple moving average of $15.12 and a two-hundred day simple moving average of $18.49.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in shares of Digital Turbine by 1.8% in the 1st quarter. Advisors Asset Management Inc. now owns 27,375 shares of the software maker’s stock valued at $1,199,000 after purchasing an additional 495 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Digital Turbine by 1.4% in the 1st quarter. Yousif Capital Management LLC now owns 46,436 shares of the software maker’s stock valued at $2,034,000 after buying an additional 630 shares during the period. Royal Bank of Canada boosted its stake in Digital Turbine by 1.2% during the 3rd quarter. Royal Bank of Canada now owns 56,945 shares of the software maker’s stock valued at $820,000 after purchasing an additional 674 shares during the period. Cetera Investment Advisers boosted its stake in Digital Turbine by 5.5% during the 1st quarter. Cetera Investment Advisers now owns 13,123 shares of the software maker’s stock valued at $575,000 after purchasing an additional 687 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Digital Turbine during the 1st quarter valued at about $31,000. 65.70% of the stock is owned by hedge funds and other institutional investors.

Digital Turbine Company Profile

(Get Rating)

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 three segments: On Device Media, In App Media – AdColony, and In App Media – Fyber. 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 sponsored and editorial content media.

Featured Articles

Receive News & Ratings for Digital Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Turbine and related companies with MarketBeat.com's FREE daily email newsletter.