Shares of Digital Turbine, Inc. (NASDAQ:APPS – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.07 and last traded at $9.35, with a volume of 8597603 shares trading hands. The stock had previously closed at $9.01.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on APPS shares. Zacks Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Weiss Ratings lowered Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. Bank of America upgraded Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price for the company in a research note on Wednesday, May 27th. Finally, Wall Street Zen upgraded Digital Turbine from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.75.
View Our Latest Stock Analysis on Digital Turbine
Digital Turbine Trading Up 3.8%
Digital Turbine (NASDAQ:APPS – Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.07. Digital Turbine had a positive return on equity of 27.60% and a negative net margin of 6.68%.The firm had revenue of $142.55 million during the quarter, compared to analyst estimates of $133.23 million. As a group, equities analysts anticipate that Digital Turbine, Inc. will post 0.68 EPS for the current year.
Institutional Investors Weigh In On Digital Turbine
A number of hedge funds have recently bought and sold shares of the business. Segall Bryant & Hamill LLC acquired a new stake in Digital Turbine during the 1st quarter valued at approximately $1,283,000. Verus Capital Partners LLC acquired a new stake in Digital Turbine during the 1st quarter valued at approximately $35,000. Essential Partners LLC grew its stake in Digital Turbine by 167.3% during the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock valued at $26,000 after purchasing an additional 5,652 shares in the last quarter. Bank of America Corp DE grew its position in shares of Digital Turbine by 17.4% in the 1st quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker’s stock worth $10,423,000 after acquiring an additional 535,169 shares in the last quarter. Finally, Granahan Investment Management LLC grew its position in shares of Digital Turbine by 12.0% in the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock worth $20,484,000 after acquiring an additional 762,888 shares in the last quarter. Institutional investors and hedge funds 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.
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