Digital Turbine, Inc. (NASDAQ:APPS) Receives $8.75 Consensus PT from Analysts

Digital Turbine, Inc. (NASDAQ:APPS) has been given a consensus rating of “Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.00.

APPS has been the subject of several research analyst reports. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Weiss Ratings cut shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Benchmark initiated coverage on shares of Digital Turbine in a research report on Tuesday. They set a “buy” rating and a $15.00 price objective for the company. Zacks Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. Finally, Roth Capital started coverage on Digital Turbine in a research note on Tuesday. They set a “buy” rating and a $11.50 target price on the stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. AIGH Capital Management LLC bought a new stake in shares of Digital Turbine in the first quarter valued at about $14,100,000. Invesco Ltd. increased its position in Digital Turbine by 369.0% during the fourth quarter. Invesco Ltd. now owns 1,829,003 shares of the software maker’s stock worth $9,145,000 after acquiring an additional 1,438,986 shares during the period. Manatuck Hill Partners LLC raised its stake in Digital Turbine by 233.3% in the 4th quarter. Manatuck Hill Partners LLC now owns 2,000,000 shares of the software maker’s stock worth $10,000,000 after purchasing an additional 1,400,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Digital Turbine by 56.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock worth $6,778,000 after purchasing an additional 846,116 shares in the last quarter. Finally, Granahan Investment Management LLC boosted its holdings in 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 during the period. Institutional investors own 63.66% of the company’s stock.

Digital Turbine Stock Performance

APPS opened at $8.45 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -23.47, a PEG ratio of 0.65 and a beta of 2.75. Digital Turbine has a 12-month low of $2.74 and a 12-month high of $13.60. The business has a 50 day moving average of $9.03 and a 200-day moving average of $5.78.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $142.55 million for the quarter, compared to analysts’ expectations of $133.22 million. On average, equities research analysts expect that Digital Turbine will post 0.68 earnings per share for the current year.

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.