CoreCap Advisors LLC Invests $674,000 in Digital Turbine, Inc. $APPS

CoreCap Advisors LLC acquired a new position in shares of Digital Turbine, Inc. (NASDAQ:APPS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 52,250 shares of the software maker’s stock, valued at approximately $674,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Essential Partners LLC grew its holdings in Digital Turbine by 167.3% in the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock valued at $26,000 after buying an additional 5,652 shares during the last quarter. Quarry LP lifted its holdings in shares of Digital Turbine by 1,323.4% during the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after buying an additional 5,201 shares during the last quarter. Verus Capital Partners LLC acquired a new position in shares of Digital Turbine during the first quarter worth approximately $35,000. Strs Ohio acquired a new position in shares of Digital Turbine during the first quarter worth approximately $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Digital Turbine in the fourth quarter valued at approximately $44,000. Institutional investors own 63.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on APPS shares. Wall Street Zen downgraded shares of Digital Turbine from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Roth Capital reiterated a “buy” rating and set a $17.50 target price on shares of Digital Turbine in a research note on Thursday. Craig Hallum reissued a “buy” rating and issued a $18.00 price target on shares of Digital Turbine in a report on Wednesday. Zacks Research lowered shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. 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 report on Wednesday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.75.

Digital Turbine Price Performance

Shares of APPS stock opened at $14.34 on Friday. The stock has a 50 day moving average of $9.96 and a two-hundred day moving average of $6.14. The company has a current ratio of 1.20, a quick ratio of 1.16 and a debt-to-equity ratio of 1.80. Digital Turbine, Inc. has a 12 month low of $2.74 and a 12 month high of $15.34. The company has a market capitalization of $1.74 billion, a P/E ratio of -55.15, a P/E/G ratio of 0.53 and a beta of 2.81.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $165.98 million for the quarter, compared to analysts’ expectations of $149.98 million. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%. As a group, equities analysts expect that Digital Turbine, Inc. will post 0.86 EPS for the current year.

Digital Turbine News Roundup

Here are the key news stories impacting Digital Turbine this week:

• Positive Sentiment: Improved quarterly performance: Digital Turbine reported revenue of $165.98 million, up 27% year over year and above the roughly $150 million analyst consensus. Its net loss narrowed to $3.16 million from $14.10 million, while the loss per share improved to $0.03 from $0.13. Why Digital Turbine Is Up After Raising Its Revenue Outlook
• Positive Sentiment: Higher fiscal 2027 guidance: Management raised its revenue outlook to $650 million-$670 million, signaling confidence that its mobile advertising recovery and operating improvements can continue. Digital Turbine’s AI Platform Boosts Advertiser Returns and Growth
• Positive Sentiment: AI platform momentum: Digital Turbine’s AI-driven advertising platform is reportedly improving advertiser returns and publisher monetization, supporting expectations for stronger growth. Digital Turbine’s AI Platform Boosts Advertiser Returns and Growth
• Positive Sentiment: Analyst and trading interest: Benchmark raised its price target to $16, while unusually high call-option activity suggests increased bullish speculation. Benchmark Raises Digital Turbine Price Target
• Neutral Sentiment: Strong relative performance: Coverage notes that APPS has outpaced portions of the computer and technology sector this year. The stock is now near its 52-week high, prompting investors to assess whether fundamentals support additional gains. Digital Turbine Hits a 52-Week High
• Negative Sentiment: Valuation and execution risks remain: Despite narrowing losses, Digital Turbine remains unprofitable on a trailing basis. The stock’s sharp rally, high beta and proximity to its 52-week high could increase volatility if growth or guidance falls short.

Digital Turbine 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.