Digital Turbine (NASDAQ:APPS) Upgraded at Zacks Research

Zacks Research upgraded shares of Digital Turbine (NASDAQ:APPS) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also commented on APPS. Weiss Ratings reissued a “sell (d-)” rating on shares of Digital Turbine in a research report on Monday, December 29th. 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. Finally, Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.75.

Digital Turbine Stock Down 2.1%

Digital Turbine stock opened at $4.15 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $497.59 million, a price-to-earnings ratio of -8.65, a P/E/G ratio of 0.48 and a beta of 2.26. The firm has a fifty day moving average price of $5.06 and a two-hundred day moving average price of $5.23. Digital Turbine has a fifty-two week low of $2.11 and a fifty-two week high of $8.28.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, February 3rd. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The business 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, analysts forecast that Digital Turbine will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

Institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Digital Turbine by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock valued at $156,000 after purchasing an additional 2,449 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Digital Turbine by 74.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock valued at $2,774,000 after buying an additional 437,310 shares during the last quarter. Strs Ohio acquired a new stake in shares of Digital Turbine in the first quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC bought a new position in shares of Digital Turbine during the 2nd quarter worth approximately $1,128,000. Finally, Versor Investments LP acquired a new position in shares of Digital Turbine during the 2nd quarter worth approximately $333,000. 63.66% of the stock is 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.