Digital Turbine (NASDAQ:APPS) Trading 4.4% Higher – What’s Next?

Digital Turbine, Inc. (NASDAQ:APPS)’s stock price traded up 4.4% during trading on Thursday . The company traded as high as $11.55 and last traded at $11.55. Approximately 620,429 shares were traded during mid-day trading, a decline of 84% from the average session volume of 3,994,986 shares. The stock had previously closed at $11.06.

Analyst Ratings Changes

APPS has been the subject of a number of recent analyst reports. Roth Capital reissued a “buy” rating and set a $17.50 price objective on shares of Digital Turbine in a research report on Thursday, August 6th. Zacks Research cut shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Benchmark increased their target price 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. Wall Street Zen upgraded shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Turbine in a research note on Wednesday, September 2nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Digital Turbine presently has a consensus rating of “Moderate Buy” and an average target price of $14.75.

Digital Turbine Price Performance

The company has a debt-to-equity ratio of 1.80, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -44.73, a PEG ratio of 0.48 and a beta of 2.87. The stock has a 50 day moving average price of $10.64 and a two-hundred day moving average price of $7.23.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in APPS. Dimensional Fund Advisors LP grew its holdings in Digital Turbine by 56.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock worth $6,778,000 after acquiring an additional 846,116 shares in the last quarter. Granahan Investment Management LLC raised its holdings in shares of Digital Turbine by 12.0% in the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock valued at $20,484,000 after purchasing an additional 762,888 shares in the last quarter. GC Wealth Management RIA LLC lifted its position in shares of Digital Turbine by 41.9% during the 1st quarter. GC Wealth Management RIA LLC now owns 576,273 shares of the software maker’s stock worth $1,660,000 after purchasing an additional 170,134 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of Digital Turbine during the 1st quarter worth $1,227,000. Finally, AIGH Capital Management LLC purchased a new stake in shares of Digital Turbine during the 1st quarter worth $14,100,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

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.