Digital Turbine (NASDAQ:APPS) Downgraded by Wall Street Zen to Buy

Wall Street Zen cut shares of Digital Turbine (NASDAQ:APPS) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Other research analysts have also recently issued research reports about the stock. Craig Hallum reissued a “buy” rating and set a $18.00 price target on shares of Digital Turbine in a research report on Wednesday. Zacks Research cut shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Roth Capital reaffirmed a “buy” rating and set a $17.50 target price on shares of Digital Turbine in a research note on Thursday. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price on the stock in a report on Wednesday, May 27th. Finally, Benchmark increased their price target on shares of Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Digital Turbine has a consensus rating of “Moderate Buy” and a consensus price target of $14.75.

Digital Turbine Stock Up 0.5%

APPS stock opened at $14.34 on Friday. Digital Turbine has a 52 week low of $2.74 and a 52 week high of $15.34. The company has a quick ratio of 1.16, a current ratio of 1.20 and a debt-to-equity ratio of 1.80. The firm has a 50-day simple moving average of $9.96 and a 200-day simple moving average of $6.14. The stock has a market capitalization of $1.74 billion, a P/E ratio of -55.15, a P/E/G ratio of 0.53 and a beta of 2.81.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The firm had revenue of $165.98 million during the quarter, compared to the consensus estimate of $149.98 million. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%. Equities analysts forecast that Digital Turbine will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Digital Turbine

Several hedge funds and other institutional investors have recently made changes to their positions in APPS. Essential Partners LLC increased its stake in shares of Digital Turbine by 167.3% during the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after buying an additional 5,652 shares during the period. Quarry LP lifted its stake in Digital Turbine by 1,323.4% in the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after acquiring an additional 5,201 shares during the last quarter. Verus Capital Partners LLC purchased a new position in Digital Turbine in the first quarter worth approximately $35,000. Strs Ohio purchased a new position in Digital Turbine in the first quarter worth approximately $41,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Digital Turbine during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Key Digital Turbine News

Here are the key news stories impacting Digital Turbine this week:

• Positive Sentiment: Improved quarterly performance: Digital Turbine reported revenue of $165.98 million, up 27% year over year and above the roughly $150 million analyst consensus. Its net loss narrowed to $3.16 million from $14.10 million, while the loss per share improved to $0.03 from $0.13. Why Digital Turbine Is Up After Raising Its Revenue Outlook
• Positive Sentiment: Higher fiscal 2027 guidance: Management raised its revenue outlook to $650 million-$670 million, signaling confidence that its mobile advertising recovery and operating improvements can continue. Digital Turbine’s AI Platform Boosts Advertiser Returns and Growth
• Positive Sentiment: AI platform momentum: Digital Turbine’s AI-driven advertising platform is reportedly improving advertiser returns and publisher monetization, supporting expectations for stronger growth. Digital Turbine’s AI Platform Boosts Advertiser Returns and Growth
• Positive Sentiment: Analyst and trading interest: Benchmark raised its price target to $16, while unusually high call-option activity suggests increased bullish speculation. Benchmark Raises Digital Turbine Price Target
• Neutral Sentiment: Strong relative performance: Coverage notes that APPS has outpaced portions of the computer and technology sector this year. The stock is now near its 52-week high, prompting investors to assess whether fundamentals support additional gains. Digital Turbine Hits a 52-Week High
• Negative Sentiment: Valuation and execution risks remain: Despite narrowing losses, Digital Turbine remains unprofitable on a trailing basis. The stock’s sharp rally, high beta and proximity to its 52-week high could increase volatility if growth or guidance falls short.

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.