Digital Turbine (NASDAQ:APPS) Rating Increased to Strong-Buy at Benchmark

Benchmark upgraded shares of Digital Turbine (NASDAQ:APPS) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Weiss Ratings downgraded Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Roth Capital began coverage on Digital Turbine in a report on Tuesday. They issued a “buy” rating and a $11.50 price target for the company. Wall Street Zen upgraded Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Finally, Bank of America upgraded Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target for the company in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $11.00.

Digital Turbine Price Performance

Shares of NASDAQ:APPS opened at $8.49 on Tuesday. The firm has a market capitalization of $1.03 billion, a PE ratio of -23.58, a P/E/G ratio of 0.71 and a beta of 2.75. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.84. The company has a 50-day moving average price of $8.87 and a two-hundred day moving average price of $5.74. Digital Turbine has a twelve month low of $2.74 and a twelve month high of $13.60.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.07. The company had revenue of $142.55 million for the quarter, compared to analyst estimates of $133.22 million. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. Equities analysts forecast that Digital Turbine will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Digital Turbine

Several hedge funds have recently bought and sold shares of the company. Essential Partners LLC lifted its stake in Digital Turbine by 167.3% in the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after purchasing an additional 5,652 shares in the last quarter. Quarry LP grew its position in shares of Digital Turbine by 1,323.4% during the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after purchasing an additional 5,201 shares in the last quarter. Verus Capital Partners LLC purchased a new position in shares of Digital Turbine during the 1st quarter valued at $35,000. Strs Ohio bought a new position in shares of Digital Turbine in the first quarter worth $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Digital Turbine in the fourth quarter worth $44,000. Hedge funds and other institutional investors 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.