Digital Turbine (NASDAQ:APPS) Trading 9.3% Higher – Here’s Why

Digital Turbine, Inc. (NASDAQ:APPS) shares traded up 9.3% on Tuesday . The stock traded as high as $4.39 and last traded at $4.4250. 2,490,182 shares traded hands during trading, a decline of 4% from the average session volume of 2,599,421 shares. The stock had previously closed at $4.05.

Analyst Ratings Changes

APPS has been the subject of a number of research reports. Zacks Research cut shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digital Turbine in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.75.

Digital Turbine Stock Down 2.0%

The company has a market cap of $534.75 million, a P/E ratio of -9.29, a price-to-earnings-growth ratio of 0.16 and a beta of 2.40. The firm’s 50 day moving average price is $3.48 and its two-hundred day moving average price is $4.41. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.10 and a current ratio of 1.10.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Creative Planning increased its holdings in Digital Turbine by 9.4% during the 3rd quarter. Creative Planning now owns 23,286 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,997 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 worth $156,000 after acquiring an additional 2,449 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Digital Turbine by 23.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,180 shares of the software maker’s stock worth $66,000 after acquiring an additional 2,536 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Digital Turbine by 31.6% in the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after acquiring an additional 2,550 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Digital Turbine by 22.5% in the second quarter. Osaic Holdings Inc. now owns 18,073 shares of the software maker’s stock valued at $107,000 after acquiring an additional 3,322 shares in the last quarter. Institutional investors and hedge funds 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.