Digital Turbine (NASDAQ:APPS) Shares Up 9.5% – Should You Buy?

Digital Turbine, Inc. (NASDAQ:APPS) shares were up 9.5% during trading on Wednesday . The company traded as high as $10.21 and last traded at $10.1410. 2,754,849 shares traded hands during trading, a decline of 33% from the average session volume of 4,098,005 shares. The stock had previously closed at $9.26.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on APPS shares. 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 research note on Wednesday, May 27th. Weiss Ratings downgraded Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Wall Street Zen raised Digital Turbine from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Digital Turbine Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -28.12, a price-to-earnings-growth ratio of 0.72 and a beta of 2.85. The stock’s 50-day simple moving average is $5.96 and its 200 day simple moving average is $4.93.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share for the quarter, topping the consensus estimate 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. Analysts expect that Digital Turbine, Inc. will post 0.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Digital Turbine

Several institutional investors have recently bought and sold shares of APPS. Essential Partners LLC grew its holdings 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 purchasing an additional 5,652 shares during the last quarter. Quarry LP raised its holdings in shares of Digital Turbine by 1,323.4% in the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after buying an additional 5,201 shares during the last quarter. Verus Capital Partners LLC bought a new position in shares of Digital Turbine in the first quarter valued at about $35,000. Strs Ohio acquired a new position in Digital Turbine during the 1st quarter worth about $41,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Digital Turbine during the 4th quarter worth about $44,000. Institutional investors 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.