Digital Turbine (NASDAQ:APPS) Rating Lowered to Hold at Zacks Research

Posted by Brian Himes on Jul 29th, 2026

Digital Turbine (NASDAQ:APPS – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages have also weighed in on APPS. Bank of America raised Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price on the stock in a research report on Wednesday, May 27th. Roth Capital initiated coverage on Digital Turbine in a report on Tuesday, July 21st. They issued a “buy” rating and a $11.50 price target for the company. Weiss Ratings lowered shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Finally, Benchmark started coverage on shares of Digital Turbine in a research report on Tuesday, July 21st. They set a “buy” rating and a $15.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Check Out Our Latest Stock Analysis on APPS

Digital Turbine Stock Performance

NASDAQ:APPS opened at $8.46 on Monday. Digital Turbine has a 12 month low of $2.74 and a 12 month high of $13.60. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $1.02 billion, a PE ratio of -23.50, a price-to-earnings-growth ratio of 0.67 and a beta of 2.75. The business’s fifty day moving average price is $9.21 and its 200 day moving average price is $5.84.

Digital Turbine (NASDAQ:APPS – Get Free Report) last announced its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. The company had revenue of $142.55 million during the quarter, compared to the consensus estimate of $133.22 million. Digital Turbine had a positive return on equity of 27.60% and a negative net margin of 6.68%. On average, sell-side analysts anticipate that Digital Turbine will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Digital Turbine

Institutional investors and hedge funds have recently made changes to their positions in the company. Essential Partners LLC boosted its position in shares of 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 purchasing an additional 5,652 shares during the period. Quarry LP grew its stake in Digital Turbine by 1,323.4% during the 4th 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 Digital Turbine during the first quarter worth approximately $35,000. Strs Ohio purchased a new stake in Digital Turbine in the first quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Digital Turbine in the fourth quarter valued at approximately $44,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

About Digital Turbine

(Get Free Report)

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.