Digital Turbine, Inc. (NASDAQ:APPS) Given Consensus Rating of “Buy” by Brokerages

Digital Turbine, Inc. (NASDAQ:APPSGet Rating) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $104.75.

APPS has been the topic of a number of research reports. StockNews.com initiated coverage on Digital Turbine in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Macquarie dropped their target price on Digital Turbine from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, February 9th.

In other Digital Turbine news, Director Robert M. Deutschman acquired 15,000 shares of the stock in a transaction on Monday, March 14th. The stock was purchased at an average price of $31.66 per share, for a total transaction of $474,900.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michelle M. Sterling acquired 1,000 shares of the stock in a transaction on Monday, March 7th. The shares were acquired at an average price of $36.79 per share, with a total value of $36,790.00. The disclosure for this purchase can be found here. 5.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Guardian Wealth Management Inc. bought a new stake in shares of Digital Turbine in the 4th quarter valued at approximately $26,000. Spire Wealth Management increased its holdings in shares of Digital Turbine by 675.7% in the 4th quarter. Spire Wealth Management now owns 574 shares of the software maker’s stock valued at $35,000 after acquiring an additional 500 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Digital Turbine in the 4th quarter valued at approximately $45,000. Retirement Planning Co of New England Inc. bought a new stake in shares of Digital Turbine in the 4th quarter valued at approximately $82,000. Finally, Guinness Atkinson Asset Management Inc bought a new stake in shares of Digital Turbine in the 3rd quarter valued at approximately $96,000. Hedge funds and other institutional investors own 63.52% of the company’s stock.

Digital Turbine stock opened at $35.92 on Tuesday. The stock’s 50-day moving average is $42.87 and its 200-day moving average is $54.81. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 78.09, a price-to-earnings-growth ratio of 0.40 and a beta of 2.23. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.70 and a quick ratio of 0.70. Digital Turbine has a 12 month low of $30.60 and a 12 month high of $93.98.

Digital Turbine (NASDAQ:APPSGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The software maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $375.50 million for the quarter, compared to the consensus estimate of $353.21 million. Digital Turbine had a return on equity of 33.35% and a net margin of 4.58%. The company’s quarterly revenue was up 323.8% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. Research analysts anticipate that Digital Turbine will post 1.46 EPS for the current year.

Digital Turbine Company Profile (Get Rating)

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application advertisers, publishers, device original equipment manufacturers (OEMs), and other third parties. Its application media software platform that enables mobile operators and OEMs to control, manage, and monetize devices.

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