Digital Turbine (NASDAQ:APPS) Raised to Strong-Buy at Wall Street Zen

Digital Turbine (NASDAQ:APPS) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other analysts also recently weighed in on APPS. Weiss Ratings downgraded 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 objective for the company in a report on Wednesday, May 27th. Finally, Zacks Research raised shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Digital Turbine Trading Down 3.4%

NASDAQ APPS opened at $8.34 on Friday. The stock has a 50-day simple moving average of $8.59 and a 200 day simple moving average of $5.66. The company has a market capitalization of $1.01 billion, a PE ratio of -23.17, a P/E/G ratio of 0.67 and a beta of 2.75. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.84. Digital Turbine has a 12 month low of $2.74 and a 12 month high of $13.60.

Digital Turbine (NASDAQ:APPS) last released its earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.07. Digital Turbine had a positive return on equity of 27.60% and a negative net margin of 6.68%.The firm had revenue of $142.55 million for the quarter, compared to analyst estimates of $133.22 million. Research analysts forecast that Digital Turbine will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Digital Turbine

Large investors have recently modified their holdings of the business. AIGH Capital Management LLC acquired a new position in shares of Digital Turbine in the 1st quarter valued at approximately $14,100,000. UBS Group AG raised its holdings in Digital Turbine by 444.0% during the 4th quarter. UBS Group AG now owns 779,585 shares of the software maker’s stock worth $3,898,000 after buying an additional 636,267 shares during the period. S Squared Technology LLC lifted its stake in Digital Turbine by 13.0% in the fourth quarter. S Squared Technology LLC now owns 653,571 shares of the software maker’s stock valued at $3,268,000 after buying an additional 75,000 shares in the last quarter. Manatuck Hill Partners LLC boosted its holdings in shares of Digital Turbine by 233.3% in the fourth quarter. Manatuck Hill Partners LLC now owns 2,000,000 shares of the software maker’s stock valued at $10,000,000 after buying an additional 1,400,000 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of Digital Turbine by 890.2% in the fourth quarter. GSA Capital Partners LLP now owns 189,394 shares of the software maker’s stock valued at $947,000 after buying an additional 170,268 shares during the period. 63.66% of the stock is currently owned by institutional investors.

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.