Digital Turbine, Inc. (NASDAQ:APPS)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a research report issued on Monday. They presently have a $1.15 price objective on the software maker’s stock. B. Riley’s price target suggests a potential upside of 16.43% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Craig Hallum raised Digital Turbine from a “hold” rating to a “buy” rating and lifted their target price for the company from $1.10 to $1.50 in a research report on Tuesday, April 25th. Zacks Investment Research raised Digital Turbine from a “sell” rating to a “hold” rating in a research report on Monday, February 13th. Finally, Roth Capital raised Digital Turbine from a “neutral” rating to a “buy” rating in a research report on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Digital Turbine currently has an average rating of “Buy” and a consensus price target of $1.48.

Analyst Recommendations for Digital Turbine (NASDAQ:APPS)

Digital Turbine (APPS) traded down 5.0288% during mid-day trading on Monday, reaching $0.9877. 253,493 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $1.12 and a 200-day moving average of $0.87. The stock’s market cap is $65.81 million. Digital Turbine has a one year low of $0.56 and a one year high of $1.56.

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A number of large investors have recently modified their holdings of APPS. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Digital Turbine during the first quarter worth $188,000. Geode Capital Management LLC raised its stake in shares of Digital Turbine by 0.6% in the first quarter. Geode Capital Management LLC now owns 247,200 shares of the software maker’s stock worth $232,000 after buying an additional 1,374 shares during the period. Trellus Management Company LLC raised its stake in shares of Digital Turbine by 5.2% in the first quarter. Trellus Management Company LLC now owns 516,325 shares of the software maker’s stock worth $485,000 after buying an additional 25,740 shares during the period. State Street Corp raised its stake in shares of Digital Turbine by 29.2% in the first quarter. State Street Corp now owns 506,334 shares of the software maker’s stock worth $605,000 after buying an additional 114,424 shares during the period. Finally, Perkins Capital Management Inc. raised its stake in shares of Digital Turbine by 1.2% in the first quarter. Perkins Capital Management Inc. now owns 898,080 shares of the software maker’s stock worth $844,000 after buying an additional 11,000 shares during the period. 17.75% of the stock is owned by institutional investors and hedge funds.

About Digital Turbine

Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.

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