Digital Turbine (NASDAQ:APPS) Upgraded by Zacks Research to “Strong-Buy” Rating

Digital Turbine (NASDAQ:APPS) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

APPS has been the subject of several other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Digital Turbine in a research note on Monday, December 29th. Wall Street Zen raised Digital Turbine from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Craig Hallum reaffirmed a “buy” rating and set a $10.00 price target on shares of Digital Turbine in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.75.

Digital Turbine Stock Performance

Shares of APPS opened at $4.15 on Thursday. The company has a market capitalization of $497.59 million, a price-to-earnings ratio of -8.65, a price-to-earnings-growth ratio of 0.49 and a beta of 2.26. Digital Turbine has a 52-week low of $2.11 and a 52-week high of $8.28. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.80. The stock has a 50 day moving average price of $5.06 and a 200 day moving average price of $5.23.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, February 3rd. The software maker reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $151.40 million during the quarter, compared to the consensus estimate of $145.72 million. Digital Turbine had a negative net margin of 8.93% and a positive return on equity of 21.26%. Research analysts predict that Digital Turbine will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning raised its holdings in shares of Digital Turbine by 9.4% in the 3rd quarter. Creative Planning now owns 23,286 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,997 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Digital Turbine by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock valued at $156,000 after buying an additional 2,449 shares during the period. Legal & General Group Plc lifted its position in Digital Turbine by 31.6% during the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after buying an additional 2,550 shares in the last quarter. Osaic Holdings Inc. grew its stake in Digital Turbine by 22.5% during the second quarter. Osaic Holdings Inc. now owns 18,073 shares of the software maker’s stock worth $107,000 after buying an additional 3,322 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Digital Turbine during the third quarter worth approximately $31,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

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.