Analysts Set Digital Turbine, Inc. (NASDAQ:APPS) Target Price at $7.50

Digital Turbine, Inc. (NASDAQ:APPS) has earned an average rating of “Hold” from the four ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.50.

Several research analysts have recently commented on APPS shares. Craig Hallum decreased their target price on Digital Turbine from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Roth Mkm decreased their price target on Digital Turbine from $5.50 to $4.50 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Finally, StockNews.com raised Digital Turbine from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th.

Digital Turbine Price Performance

Digital Turbine stock opened at $2.09 on Friday. Digital Turbine has a 12 month low of $1.78 and a 12 month high of $14.61. The stock has a market capitalization of $213.22 million, a PE ratio of -1.06, a price-to-earnings-growth ratio of 5.06 and a beta of 2.54. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $2.45 and a 200-day simple moving average of $4.33.

Digital Turbine (NASDAQ:APPS) last announced its earnings results on Wednesday, February 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Digital Turbine had a positive return on equity of 4.48% and a negative net margin of 34.53%. The business had revenue of $142.63 million for the quarter, compared to analyst estimates of $146.45 million. Equities analysts predict that Digital Turbine will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Digital Turbine by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 12,790,615 shares of the software maker’s stock valued at $87,744,000 after buying an additional 543,160 shares during the period. Rice Hall James & Associates LLC boosted its stake in Digital Turbine by 14.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 1,980,843 shares of the software maker’s stock worth $5,190,000 after acquiring an additional 249,832 shares during the last quarter. Greenhaven Road Investment Management L.P. increased its position in shares of Digital Turbine by 244.9% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 1,940,020 shares of the software maker’s stock valued at $13,308,000 after buying an additional 1,377,587 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Digital Turbine by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 780,252 shares of the software maker’s stock valued at $5,353,000 after purchasing an additional 60,539 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Digital Turbine during the 3rd quarter worth approximately $3,557,000. 63.66% of the stock is currently owned by institutional investors.

About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.