Digital Turbine (NASDAQ:APPS) Upgraded at Wall Street Zen

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

APPS has been the subject of a number of other research reports. Craig Hallum reiterated a “buy” rating and issued a $10.00 price target on shares of Digital Turbine in a research note on Wednesday, November 5th. Zacks Research cut shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Digital Turbine in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.75.

Digital Turbine Price Performance

NASDAQ:APPS opened at $4.15 on Friday. Digital Turbine has a 52-week low of $2.11 and a 52-week high of $8.28. The company has a market cap of $497.59 million, a P/E ratio of -8.65, a P/E/G ratio of 0.49 and a beta of 2.26. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day simple moving average is $5.06 and its 200 day simple moving average is $5.23.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, February 3rd. The software maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $151.40 million during the quarter, compared to the consensus estimate of $145.72 million. Digital Turbine had a positive return on equity of 21.26% and a negative net margin of 8.93%. As a group, sell-side analysts forecast that Digital Turbine will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of APPS. State of Alaska Department of Revenue bought a new position in shares of Digital Turbine during the third quarter worth approximately $31,000. Strs Ohio bought a new position in Digital Turbine during the 1st quarter worth $41,000. PFG Investments LLC acquired a new stake in shares of Digital Turbine during the fourth quarter worth $50,000. Smartleaf Asset Management LLC bought a new stake in shares of Digital Turbine in the second quarter valued at about $57,000. Finally, Legal & General Group Plc grew its stake in shares of Digital Turbine by 31.6% in the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after acquiring an additional 2,550 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

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.