Digital Turbine (NASDAQ:APPS) Earns Buy Rating from Analysts at Roth Capital

Roth Capital assumed coverage on shares of Digital Turbine (NASDAQ:APPS) in a research note issued to investors on Tuesday, Marketbeat reports. The firm issued a buy rating and a $11.50 target price on the software maker’s stock.

APPS has been the subject of a number of other research reports. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Benchmark initiated coverage on shares of Digital Turbine in a research note on Tuesday. They issued a “buy” rating and a $15.00 price target on the stock. Weiss Ratings downgraded shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Finally, Zacks Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $11.00.

Digital Turbine Stock Down 5.4%

NASDAQ APPS opened at $8.03 on Tuesday. The stock’s 50 day moving average is $8.94 and its 200 day moving average is $5.76. 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. The stock has a market cap of $971.15 million, a PE ratio of -22.30, a P/E/G ratio of 0.66 and a beta of 2.75.

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

Institutional Investors Weigh In On Digital Turbine

Several large investors have recently bought and sold shares of APPS. Quarry LP raised 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 valued at $28,000 after purchasing an additional 5,201 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Digital Turbine in the 4th quarter worth $44,000. Essential Partners LLC grew its stake in shares of Digital Turbine by 167.3% in the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after buying an additional 5,652 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Digital Turbine in the 2nd quarter worth about $57,000. Finally, PFG Investments LLC bought a new stake in shares of Digital Turbine in the 4th quarter worth about $50,000. Institutional investors 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.