Digital Turbine (NASDAQ:APPS) Coverage Initiated at Roth Capital

Research analysts at Roth Capital assumed coverage on shares of Digital Turbine (NASDAQ:APPS) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $11.50 price target on the software maker’s stock. Roth Capital’s price objective would suggest a potential upside of 35.45% from the company’s previous close.

Several other analysts have also recently issued reports on APPS. Weiss Ratings cut Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Zacks Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Bank of America upgraded Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Wednesday, May 27th. Benchmark began coverage on Digital Turbine in a research report on Tuesday. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Wall Street Zen raised Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Digital Turbine Stock Performance

Digital Turbine stock opened at $8.49 on Tuesday. The firm has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $5.74. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -23.58, a price-to-earnings-growth ratio of 0.71 and a beta of 2.75. 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.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. The firm had revenue of $142.55 million during the quarter, compared to the consensus estimate of $133.22 million. Digital Turbine had a positive return on equity of 27.60% and a negative net margin of 6.68%. On average, analysts expect that Digital Turbine will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Digital Turbine

Institutional investors have recently bought and sold shares of the company. AIGH Capital Management LLC acquired a new position in Digital Turbine in the 1st quarter valued at about $14,100,000. UBS Group AG boosted its stake in shares of Digital Turbine by 444.0% during the 4th quarter. UBS Group AG now owns 779,585 shares of the software maker’s stock worth $3,898,000 after purchasing an additional 636,267 shares during the last quarter. S Squared Technology LLC grew its holdings in shares of Digital Turbine by 13.0% during the fourth quarter. S Squared Technology LLC now owns 653,571 shares of the software maker’s stock worth $3,268,000 after buying an additional 75,000 shares in the last quarter. Manatuck Hill Partners LLC grew its holdings in shares of Digital Turbine by 233.3% during the fourth quarter. Manatuck Hill Partners LLC now owns 2,000,000 shares of the software maker’s stock worth $10,000,000 after buying an additional 1,400,000 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Digital Turbine by 890.2% in the fourth quarter. GSA Capital Partners LLP now owns 189,394 shares of the software maker’s stock valued at $947,000 after buying an additional 170,268 shares during the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

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.