Digital Turbine (NASDAQ:APPS) Trading Up 9.3% – Time to Buy?

Shares of Digital Turbine, Inc. (NASDAQ:APPS) rose 9.3% during trading on Thursday . The stock traded as high as $10.65 and last traded at $10.6930. 1,399,753 shares were traded during trading, a decline of 65% from the average session volume of 4,037,989 shares. The stock had previously closed at $9.78.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on APPS shares. Craig Hallum reiterated a “buy” rating and set a $18.00 price target on shares of Digital Turbine in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. 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 research report on Wednesday, May 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Turbine in a research note on Wednesday. Finally, Benchmark boosted their price objective on shares of Digital Turbine from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Digital Turbine currently has an average rating of “Moderate Buy” and a consensus price target of $14.75.

Digital Turbine Stock Down 1.6%

The firm’s 50 day moving average price is $10.76 and its 200-day moving average price is $7.06. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.80. The company has a market cap of $1.30 billion, a P/E ratio of -41.19, a price-to-earnings-growth ratio of 0.46 and a beta of 2.87.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. The business had revenue of $165.98 million for the quarter, compared to analyst estimates of $149.98 million. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. As a group, equities research analysts expect that Digital Turbine, Inc. will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Digital Turbine

Several hedge funds have recently bought and sold shares of APPS. Essential Partners LLC lifted its holdings in 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 acquiring an additional 5,652 shares in the last quarter. Quarry LP lifted its holdings in shares of Digital Turbine by 1,323.4% during the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after purchasing an additional 5,201 shares in the last quarter. Verus Capital Partners LLC acquired a new position in shares of Digital Turbine in the 1st quarter valued at approximately $35,000. Strs Ohio acquired a new position in shares of Digital Turbine in the 1st quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Digital Turbine during the 4th quarter worth approximately $44,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

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.