Digital Turbine (NASDAQ:APPS) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Digital Turbine, Inc. (NASDAQ:APPS)’s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $10.59 and traded as high as $11.65. Digital Turbine shares last traded at $11.30, with a volume of 7,991,334 shares.

Key Stories Impacting Digital Turbine

Here are a few of the latest stories about APPS:

• Positive Sentiment: RBC Capital assigned APPS a Buy rating, a potentially supportive analyst signal. Article: Digital Turbine Receives a Buy from RBC Capital
• Positive Sentiment: Fiscal second-quarter results beat earnings and revenue expectations, while the company raised its fiscal 2027 revenue outlook to $670 million–$690 million, citing AI-powered advertising growth and stronger demand. Article: APPS Q2 Earnings Beat Estimates on Strong Ad Growth, Guidance Up
• Negative Sentiment: Digital Turbine disclosed a $3.5 million understatement of revenue-share expense and accrued liabilities in previously issued financial statements. Several law firms have announced investigations into potential securities-law violations; these are allegations under investigation, not findings of wrongdoing. Article: APPS Investor Alert—Investigation Announced

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on APPS. Weiss Ratings restated a “sell (e+)” rating on shares of Digital Turbine in a research report on Wednesday, September 2nd. Royal Bank Of Canada initiated coverage on shares of Digital Turbine in a report on Thursday, October 1st. They set an “outperform” rating and a $15.00 price target for the company. Zacks Research cut Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Craig Hallum reaffirmed a “buy” rating and issued a $18.00 target price on shares of Digital Turbine in a research report on Wednesday, August 5th. Finally, Benchmark lifted their price target on Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.42.

Digital Turbine Stock Up 7.0%

The company has a debt-to-equity ratio of 1.75, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market cap of $945.87 million, a PE ratio of 12.08, a PEG ratio of 0.37 and a beta of 3.01. The company has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $7.70.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Monday, November 9th. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Digital Turbine had a net margin of 0.77% and a return on equity of 41.27%. The firm had revenue of $178.68 million for the quarter, compared to the consensus estimate of $166.75 million. Analysts expect that Digital Turbine, Inc. will post 0.63 EPS for the current year.

Institutional Trading of Digital Turbine

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Digital Turbine by 56.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock worth $6,778,000 after acquiring an additional 846,116 shares during the period. CenterBook Partners LP bought a new stake in Digital Turbine during the third quarter valued at about $1,358,000. GC Wealth Management RIA LLC raised its holdings in Digital Turbine by 41.9% during the first quarter. GC Wealth Management RIA LLC now owns 576,273 shares of the software maker’s stock valued at $1,660,000 after acquiring an additional 170,134 shares during the period. Granahan Investment Management LLC lifted its position in shares of Digital Turbine by 12.0% in 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 acquiring an additional 762,888 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of Digital Turbine in the first quarter valued at about $1,227,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

About Digital Turbine

Digital Turbine, Inc. provides mobile technology and advertising solutions that connect app developers and advertisers with consumers through smartphones and other connected devices. Its platform supports app discovery, user acquisition, and advertising across the mobile ecosystem. The company’s services include on-device app recommendations and installation tools, as well as advertising solutions for app publishers and brands. Digital Turbine works with mobile operators and device manufacturers to deliver these services to users.