Investment Analysts’ Recent Ratings Changes for Digital Turbine (APPS)

A number of research firms have changed their ratings and price targets for Digital Turbine (NASDAQ: APPS):

  • 7/9/2019 – Digital Turbine was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/2/2019 – Digital Turbine was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.75 price target on the stock. According to Zacks, “Digital Turbine Inc. offers products and solutions for mobile operators, device OEMs and third parties. The company’s product include DT Ignite(TM), a mobile device management solution with targeted app distribution capabilities, DT IQ(TM), a customized user experience and app discovery tool, DT Marketplace(TM), an application and content store and DT Pay(TM), a content management and mobile payment solution. It operates primarily in Berlin, Singapore and Sydney. Digital Turbine, Inc., formerly known as Mandalay Digital Group, Inc., is headquartered in Austin, Texas. “
  • 6/27/2019 – Digital Turbine was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 6/27/2019 – Digital Turbine is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $6.00 price target on the stock.
  • 6/19/2019 – Digital Turbine had its price target raised by analysts at B. Riley from $6.00 to $6.00. They now have a “buy” rating on the stock.
  • 6/11/2019 – Digital Turbine was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/7/2019 – Digital Turbine was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Digital Turbine Inc. offers products and solutions for mobile operators, device OEMs and third parties. The company’s product include DT Ignite(TM), a mobile device management solution with targeted app distribution capabilities, DT IQ(TM), a customized user experience and app discovery tool, DT Marketplace(TM), an application and content store and DT Pay(TM), a content management and mobile payment solution. It operates primarily in Berlin, Singapore and Sydney. Digital Turbine, Inc., formerly known as Mandalay Digital Group, Inc., is headquartered in Austin, Texas. “
  • 6/6/2019 – Digital Turbine was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $5.25 price target on the stock. According to Zacks, “Digital Turbine Inc. offers products and solutions for mobile operators, device OEMs and third parties. The company’s product include DT Ignite(TM), a mobile device management solution with targeted app distribution capabilities, DT IQ(TM), a customized user experience and app discovery tool, DT Marketplace(TM), an application and content store and DT Pay(TM), a content management and mobile payment solution. It operates primarily in Berlin, Singapore and Sydney. Digital Turbine, Inc., formerly known as Mandalay Digital Group, Inc., is headquartered in Austin, Texas. “
  • 6/4/2019 – Digital Turbine was given a new $6.00 price target on by analysts at Craig Hallum. They now have a “buy” rating on the stock.
  • 6/4/2019 – Digital Turbine had its “buy” rating reaffirmed by analysts at National Securities. They now have a $4.50 price target on the stock.
  • 6/4/2019 – Digital Turbine had its price target raised by analysts at LADENBURG THALM/SH SH from $4.50 to $5.10. They now have a “buy” rating on the stock.

APPS traded down $0.03 during trading on Wednesday, hitting $5.24. 75,245 shares of the stock were exchanged, compared to its average volume of 1,834,799. The stock has a 50 day moving average price of $4.73. The firm has a market capitalization of $430.47 million, a price-to-earnings ratio of 104.80 and a beta of 1.85. Digital Turbine Inc has a 1 year low of $1.12 and a 1 year high of $5.54.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Monday, June 3rd. The software maker reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $27.19 million for the quarter, compared to the consensus estimate of $26.55 million. Digital Turbine had a positive return on equity of 10.53% and a negative net margin of 5.80%. Research analysts expect that Digital Turbine Inc will post 0.09 earnings per share for the current fiscal year.

In other Digital Turbine news, Director Paul M. Schaeffer sold 31,847 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $4.54, for a total transaction of $144,585.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul M. Schaeffer sold 150,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $4.47, for a total value of $670,500.00. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Digital Turbine in the 1st quarter worth $35,000. Cornerstone Wealth Group LLC acquired a new stake in shares of Digital Turbine in the 1st quarter worth $44,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of Digital Turbine in the 1st quarter worth $88,000. Wedbush Securities Inc. boosted its position in shares of Digital Turbine by 30.4% in the 1st quarter. Wedbush Securities Inc. now owns 30,000 shares of the software maker’s stock worth $105,000 after purchasing an additional 7,000 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Digital Turbine in the 1st quarter worth $141,000. 27.95% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Story: Forex

Receive News & Ratings for Digital Turbine Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Turbine Inc and related companies with MarketBeat.com's FREE daily email newsletter.