Shares of Digital Turbine, Inc. (NASDAQ:APPS – Get Free Report) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.42.
APPS has been the topic of a number of recent research reports. Craig Hallum restated a “buy” rating and set a $18.00 price target on shares of Digital Turbine in a report on Wednesday, August 5th. Benchmark upped 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, August 5th. Northland Securities started coverage on shares of Digital Turbine in a research report on Thursday, October 29th. They set an “outperform” rating and a $17.00 target price on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Turbine in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada assumed coverage on Digital Turbine in a report on Thursday, October 1st. They set an “outperform” rating and a $15.00 target price on the stock.
Read Our Latest Report on APPS
Digital Turbine Trading Down 4.6%
NASDAQ:APPS opened at $8.46 on Thursday. The stock’s 50 day moving average price is $10.69 and its 200 day moving average price is $7.56. Digital Turbine has a 52 week low of $2.74 and a 52 week high of $15.34. The company has a market capitalization of $1.02 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.47 and a beta of 3.02. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.20 and a current ratio of 1.20.
Digital Turbine (NASDAQ:APPS – Get Free Report) last posted its earnings results 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. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. The firm had revenue of $165.98 million during the quarter, compared to analysts’ expectations of $149.98 million. On average, research analysts forecast that Digital Turbine will post 0.68 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. CenterBook Partners LP bought a new position in shares of Digital Turbine in the third quarter worth about $1,358,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Digital Turbine during the 3rd quarter worth about $264,000. TD Waterhouse Canada Inc. bought a new stake in Digital Turbine during the 3rd quarter valued at approximately $25,000. State of Alaska Department of Revenue boosted its stake in Digital Turbine by 86.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,223 shares of the software maker’s stock valued at $102,000 after purchasing an additional 4,288 shares during the period. Finally, WINTON GROUP Ltd grew its holdings in Digital Turbine by 178.7% in the 2nd quarter. WINTON GROUP Ltd now owns 121,796 shares of the software maker’s stock valued at $1,571,000 after buying an additional 78,096 shares during 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 advertising and application distribution company that helps advertisers, mobile carriers, device manufacturers and application developers connect with smartphone users. Its platform is designed to support the discovery, distribution, promotion and monetization of mobile applications and digital content.
The company provides technology that can be integrated into mobile devices and operating systems, including tools for app recommendations, device setup and application installation.
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