Digital Turbine Inc (NASDAQ:APPS) has been given a consensus rating of “Buy” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $2.85.
APPS has been the topic of several analyst reports. National Securities set a $4.00 target price on Digital Turbine and gave the company a “buy” rating in a research note on Tuesday, November 6th. TheStreet raised Digital Turbine from a “d” rating to a “c” rating in a research note on Tuesday, November 6th. Finally, Zacks Investment Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating and set a $1.75 target price on the stock in a research note on Friday, November 9th.
In related news, Director Robert M. Deutschman bought 25,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were purchased at an average price of $1.27 per share, with a total value of $31,750.00. Following the completion of the purchase, the director now owns 292,550 shares of the company’s stock, valued at approximately $371,538.50. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in APPS. Granahan Investment Management Inc. MA increased its holdings in shares of Digital Turbine by 143.8% in the second quarter. Granahan Investment Management Inc. MA now owns 1,400,126 shares of the software maker’s stock worth $2,114,000 after acquiring an additional 825,915 shares in the last quarter. United Services Automobile Association increased its holdings in shares of Digital Turbine by 143.8% in the second quarter. United Services Automobile Association now owns 1,382,947 shares of the software maker’s stock worth $2,088,000 after acquiring an additional 815,677 shares in the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Digital Turbine in the second quarter worth about $642,000. S Squared Technology LLC increased its holdings in shares of Digital Turbine by 15.3% in the third quarter. S Squared Technology LLC now owns 1,785,895 shares of the software maker’s stock worth $2,215,000 after acquiring an additional 237,000 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Digital Turbine in the third quarter worth about $217,000. Institutional investors own 21.85% of the company’s stock.
NASDAQ:APPS traded down $0.09 during mid-day trading on Monday, hitting $1.89. The company had a trading volume of 351,428 shares, compared to its average volume of 434,735. Digital Turbine has a fifty-two week low of $1.12 and a fifty-two week high of $2.59. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $153.76 million, a price-to-earnings ratio of -21.00 and a beta of 1.20.
About Digital Turbine
Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.
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