Digital Turbine (NASDAQ:APPS) Shares Up 9.3% – What’s Next?

Digital Turbine, Inc. (NASDAQ:APPS) shares rose 9.3% during trading on Thursday . The stock traded as high as $10.65 and last traded at $10.6930. Approximately 1,399,753 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 4,037,989 shares. The stock had previously closed at $9.78.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Roth Capital reiterated a “buy” rating and issued a $17.50 target price on shares of Digital Turbine in a research note on Thursday, August 6th. Craig Hallum restated a “buy” rating and issued a $18.00 price objective on shares of Digital Turbine in a report on Wednesday, August 5th. Wall Street Zen upgraded Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Zacks Research downgraded Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Benchmark raised their price target on Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Digital Turbine has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

Digital Turbine Price Performance

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -41.23, a price-to-earnings-growth ratio of 0.43 and a beta of 2.87. The company’s fifty day moving average price is $10.76 and its 200 day moving average price is $6.99. 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) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, topping 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 business had revenue of $165.98 million for the quarter, compared to analysts’ expectations of $149.98 million. Equities research analysts expect that Digital Turbine, Inc. will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

A number of large investors have recently made changes to their positions in the business. Creative Planning raised its holdings in Digital Turbine by 9.4% in the third quarter. Creative Planning now owns 23,286 shares of the software maker’s stock valued at $149,000 after acquiring an additional 1,997 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Digital Turbine by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,449 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Digital Turbine by 23.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,180 shares of the software maker’s stock worth $66,000 after buying an additional 2,536 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Digital Turbine by 31.6% in the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after buying an additional 2,550 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Digital Turbine by 22.5% during the 2nd quarter. Osaic Holdings Inc. now owns 18,073 shares of the software maker’s stock valued at $107,000 after acquiring an additional 3,322 shares during the period. 63.66% of the stock is currently owned by institutional investors.

About Digital Turbine

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.