Digital Turbine (NASDAQ:APPS) Cut to Hold at Zacks Research

Zacks Research lowered shares of Digital Turbine (NASDAQ:APPS) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other equities research analysts have also commented on APPS. Weiss Ratings restated a “sell (d-)” rating on shares of Digital Turbine in a research report on Friday, March 27th. Wall Street Zen upgraded Digital Turbine from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Digital Turbine currently has an average rating of “Hold” and an average price target of $7.75.

Digital Turbine Stock Up 2.3%

Shares of Digital Turbine stock opened at $3.09 on Monday. Digital Turbine has a one year low of $2.13 and a one year high of $8.28. 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 stock’s 50-day moving average is $3.82 and its 200 day moving average is $4.93. The firm has a market cap of $370.49 million, a price-to-earnings ratio of -6.44, a PEG ratio of 0.11 and a beta of 2.33.

Digital Turbine (NASDAQ:APPS) last announced its earnings results on Tuesday, February 3rd. The software maker reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. Digital Turbine had a positive return on equity of 21.26% and a negative net margin of 8.93%.The company had revenue of $151.40 million for the quarter, compared to analyst estimates of $145.72 million. Equities research analysts anticipate that Digital Turbine will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in APPS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Digital Turbine by 4.4% in the first 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Digital Turbine by 74.8% during 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 purchased a new position in shares of Digital Turbine during the first quarter valued at approximately $41,000. Creative Planning boosted its position in shares of Digital Turbine by 39.2% during the second quarter. Creative Planning now owns 21,289 shares of the software maker’s stock valued at $126,000 after buying an additional 5,991 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Digital Turbine by 272.0% during the second quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock valued at $4,049,000 after buying an additional 501,829 shares during the last quarter. 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.