Digital Turbine (NASDAQ:APPS) had its target price upped by Craig Hallum from $12.00 to $15.00 in a research report released on Tuesday morning, Briefing.com Automated Import reports. The firm currently has a buy rating on the software maker’s stock.

APPS has been the topic of a number of other reports. B. Riley increased their price target on shares of Digital Turbine from $7.00 to $9.50 in a report on Wednesday, June 3rd. Zacks Investment Research raised shares of Digital Turbine from a hold rating to a buy rating and set a $11.00 price objective on the stock in a report on Monday, June 8th. TheStreet raised shares of Digital Turbine from a c rating to a b- rating in a report on Thursday, June 4th. BidaskClub raised shares of Digital Turbine from a buy rating to a strong-buy rating in a report on Friday, June 26th. Finally, Oppenheimer started coverage on shares of Digital Turbine in a report on Wednesday, June 24th. They set an outperform rating and a $14.00 price objective on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $12.21.

Shares of NASDAQ APPS opened at $12.91 on Tuesday. The company’s fifty day moving average price is $8.54 and its 200 day moving average price is $6.71. Digital Turbine has a 1 year low of $3.48 and a 1 year high of $13.31. The company has a market capitalization of $1.11 billion, a PE ratio of 86.07 and a beta of 1.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.71 and a current ratio of 0.71.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Tuesday, June 2nd. The software maker reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Digital Turbine had a net margin of 10.02% and a return on equity of 26.09%. The firm had revenue of $39.35 million for the quarter, compared to the consensus estimate of $38.40 million. On average, equities analysts expect that Digital Turbine will post 0.36 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Digital Turbine by 975.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,300 shares of the software maker’s stock valued at $30,000 after acquiring an additional 3,900 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Digital Turbine by 416.7% in the first quarter. Tower Research Capital LLC TRC now owns 8,127 shares of the software maker’s stock valued at $35,000 after purchasing an additional 6,554 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Digital Turbine in the fourth quarter valued at approximately $36,000. Advisor Group Inc. grew its holdings in shares of Digital Turbine by 275.6% in the fourth quarter. Advisor Group Inc. now owns 6,253 shares of the software maker’s stock valued at $45,000 after purchasing an additional 4,588 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new position in shares of Digital Turbine in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 54.12% of the company’s stock.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application developers, device original equipment manufacturers (OEMs), and other third parties worldwide. It provides Ignite, a software platform that enables mobile operators and OEMs to control, manage, and monetize devices.

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Analyst Recommendations for Digital Turbine (NASDAQ:APPS)

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