Digital Turbine (NASDAQ:APPS) Upgraded at Benchmark

Benchmark upgraded shares of Digital Turbine (NASDAQ:APPS) to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on APPS. Zacks Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Roth Capital initiated coverage on Digital Turbine in a research report on Tuesday. They set a “buy” rating and a $11.50 price objective for the company. Wall Street Zen upgraded shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Bank of America raised shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price on the stock in a research report on Wednesday, May 27th. Finally, Weiss Ratings lowered shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Digital Turbine currently has a consensus rating of “Buy” and an average price target of $11.00.

Digital Turbine Price Performance

APPS stock opened at $8.03 on Tuesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.16 and a quick ratio of 1.16. Digital Turbine has a 1 year low of $2.74 and a 1 year high of $13.60. The firm has a 50-day moving average of $8.94 and a 200 day moving average of $5.76. The company has a market cap of $971.15 million, a P/E ratio of -22.30, a PEG ratio of 0.66 and a beta of 2.75.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Digital Turbine will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Essential Partners LLC grew its stake in shares of Digital Turbine by 167.3% in the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after acquiring an additional 5,652 shares during the last quarter. Quarry LP boosted its stake in Digital Turbine by 1,323.4% in the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after purchasing an additional 5,201 shares in the last quarter. Verus Capital Partners LLC bought a new position in Digital Turbine in the 1st quarter worth about $35,000. Strs Ohio purchased a new stake in Digital Turbine during the 1st quarter valued at about $41,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Digital Turbine during the 4th quarter valued at about $44,000. Hedge funds and other 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.