Several other brokerages have also issued reports on APPS. Craig Hallum decreased their target price on Digital Turbine from $60.00 to $30.00 in a research report on Thursday, November 10th. Oppenheimer dropped their price target on Digital Turbine from $32.00 to $19.00 and set an outperform rating for the company in a research report on Tuesday, October 4th. B. Riley decreased their price objective on Digital Turbine from $33.00 to $28.00 and set a buy rating on the stock in a report on Wednesday, October 5th. Bank of America began coverage on Digital Turbine in a report on Monday, October 17th. They set a buy rating and a $24.00 price objective on the stock. Finally, Roth Capital cut their price objective on Digital Turbine from $32.00 to $20.00 in a research report on Monday, October 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Digital Turbine presently has an average rating of Moderate Buy and an average target price of $26.83.
Digital Turbine Price Performance
Shares of NASDAQ:APPS opened at $17.27 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Digital Turbine has a twelve month low of $10.65 and a twelve month high of $70.52. The stock’s 50 day moving average is $15.12 and its 200-day moving average is $18.49. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 1.03 and a beta of 2.34.
Institutional Investors Weigh In On Digital Turbine
About Digital Turbine
Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through three segments: On Device Media, In App Media – AdColony, and In App Media – Fyber. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising, and sponsored and editorial content media.
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