Digital Turbine (NASDAQ:APPS) Trading 4.2% Higher – What’s Next?

Digital Turbine, Inc. (NASDAQ:APPS) shares shot up 4.2% on Friday . The company traded as high as $8.37 and last traded at $8.3650. Approximately 222,513 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 4,091,171 shares. The stock had previously closed at $8.03.

Analyst Ratings Changes

APPS has been the topic of several recent research reports. Benchmark started coverage on shares of Digital Turbine in a report on Tuesday. They set a “buy” rating and a $15.00 target price on the stock. Roth Capital assumed coverage on shares of Digital Turbine in a research note on Tuesday. They issued a “buy” rating and a $11.50 price target for the company. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Weiss Ratings cut Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Finally, Bank of America upgraded Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price objective on the stock in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $11.00.

Digital Turbine Price Performance

The stock has a market cap of $1.02 billion, a PE ratio of -23.47, a PEG ratio of 0.65 and a beta of 2.75. The business’s 50-day simple moving average is $9.03 and its 200-day simple moving average is $5.78. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.84.

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

Institutional Trading of Digital Turbine

Several large investors have recently added to or reduced their stakes in the stock. AIGH Capital Management LLC purchased a new position in shares of Digital Turbine during the 1st quarter worth approximately $14,100,000. Globeflex Capital L P purchased a new position in shares of Digital Turbine in the 1st quarter valued at approximately $1,227,000. GC Wealth Management RIA LLC lifted its stake in shares of Digital Turbine by 41.9% in the 1st quarter. GC Wealth Management RIA LLC now owns 576,273 shares of the software maker’s stock valued at $1,660,000 after purchasing an additional 170,134 shares during the period. Granahan Investment Management LLC boosted its position in shares of Digital Turbine by 12.0% during the first quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock valued at $20,484,000 after purchasing an additional 762,888 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Digital Turbine by 444.0% during the fourth quarter. UBS Group AG now owns 779,585 shares of the software maker’s stock valued at $3,898,000 after purchasing an additional 636,267 shares in the last quarter. Institutional investors 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.