Digital Turbine (NASDAQ:APPS) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Digital Turbine (NASDAQ:APPS) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

APPS has been the topic of several other research reports. Craig Hallum reiterated a “buy” rating and set a $18.00 price objective on shares of Digital Turbine in a research report on Wednesday, August 5th. Weiss Ratings cut shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Wednesday, May 27th. 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. Finally, Benchmark lifted their price objective on shares of Digital Turbine from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Digital Turbine currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

Digital Turbine Trading Down 3.1%

Shares of NASDAQ:APPS opened at $11.09 on Friday. Digital Turbine has a 12-month low of $2.74 and a 12-month high of $15.34. The business has a 50 day moving average of $10.72 and a 200-day moving average of $6.85. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.34 billion, a PE ratio of -42.65, a P/E/G ratio of 0.47 and a beta of 2.81.

Digital Turbine (NASDAQ:APPS) last announced its earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The company had revenue of $165.98 million for the quarter, compared to analyst estimates of $149.98 million. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%. As a group, equities research analysts forecast that Digital Turbine will post 0.75 earnings per share for the current year.

Institutional Trading of Digital Turbine

Large investors have recently modified their holdings of the stock. Essential Partners LLC raised its stake in Digital Turbine by 167.3% in the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock valued at $26,000 after purchasing an additional 5,652 shares in the last quarter. Quarry LP grew its stake in Digital Turbine by 1,323.4% during the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after buying an additional 5,201 shares in the last quarter. Verus Capital Partners LLC bought a new position in Digital Turbine in the 1st quarter valued at about $35,000. Strs Ohio acquired a new position in shares of Digital Turbine in the 1st quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Digital Turbine in the 4th quarter valued at approximately $44,000. 63.66% of the stock is 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.