Digital Turbine (NASDAQ:APPS) Reaches New 1-Year High - Still a Buy?

Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $6.86 and last traded at $6.52, with a volume of 10642352 shares trading hands. The stock had previously closed at $6.14.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Macquarie cut their price target on Digital Turbine from $3.00 to $2.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Bank of America downgraded shares of Digital Turbine from a "neutral" rating to an "underperform" rating and cut their target price for the company from $3.50 to $1.00 in a research note on Friday, November 15th. Craig Hallum decreased their price target on shares of Digital Turbine from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Digital Turbine from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $2.38.

Digital Turbine Price Performance

The company has a 50 day moving average of $2.55 and a 200 day moving average of $2.64. The stock has a market capitalization of $650.01 million, a price-to-earnings ratio of -2.04 and a beta of 2.38. The company has a quick ratio of 1.09, a current ratio of 1.06 and a debt-to-equity ratio of 2.50.

Digital Turbine (NASDAQ:APPS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.08). Digital Turbine had a negative net margin of 64.06% and a positive return on equity of 3.41%. As a group, equities research analysts forecast that Digital Turbine, Inc. will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Digital Turbine

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Digital Turbine by 104.1% in the 3rd quarter. Blue Trust Inc. now owns 8,169 shares of the software maker's stock worth $25,000 after buying an additional 4,167 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Digital Turbine during the fourth quarter valued at about $28,000. Plancorp LLC acquired a new stake in Digital Turbine during the fourth quarter worth about $35,000. Ballentine Partners LLC purchased a new position in shares of Digital Turbine in the 3rd quarter worth about $43,000. Finally, Cetera Investment Advisers lifted its stake in shares of Digital Turbine by 94.3% in the 4th quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock valued at $46,000 after purchasing an additional 13,317 shares in the last quarter. Hedge funds and other institutional investors own 63.66% of the company's stock.

About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.