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

Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report)'s share price reached a new 52-week high on Saturday . The stock traded as high as $5.20 and last traded at $4.90, with a volume of 25409632 shares. The stock had previously closed at $4.99.

Analyst Ratings Changes

Several equities research analysts have issued reports on APPS shares. Craig Hallum lowered their price target on Digital Turbine from $5.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Macquarie dropped their price objective on shares of Digital Turbine from $3.00 to $2.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Finally, Bank of America cut shares of Digital Turbine from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $3.50 to $1.00 in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $2.38.

Digital Turbine Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.06 and a debt-to-equity ratio of 2.50. The stock's fifty day moving average is $2.17 and its two-hundred day moving average is $2.53. The firm has a market capitalization of $572.30 million, a price-to-earnings ratio of -1.80 and a beta of 2.38.

Digital Turbine (NASDAQ:APPS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported $0.05 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.08). Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. On average, analysts predict that Digital Turbine, Inc. will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Digital Turbine by 719.6% in the third quarter. JPMorgan Chase & Co. now owns 387,834 shares of the software maker's stock valued at $1,191,000 after buying an additional 340,512 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new position in Digital Turbine during the 4th quarter worth $372,000. Virtu Financial LLC acquired a new position in Digital Turbine in the 4th quarter valued at $336,000. Geode Capital Management LLC lifted its position in shares of Digital Turbine by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,334,648 shares of the software maker's stock valued at $7,169,000 after acquiring an additional 181,032 shares during the period. Finally, Perkins Capital Management Inc. lifted its position in shares of Digital Turbine by 79.3% during the 4th quarter. Perkins Capital Management Inc. now owns 387,600 shares of the software maker's stock valued at $655,000 after acquiring an additional 171,400 shares during the period. Institutional investors own 63.66% of the company's stock.

Digital Turbine Company Profile

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.