Digital Turbine (NASDAQ:APPS) has been assigned a $7.00 price target by stock analysts at B. Riley in a report released on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the software maker’s stock. B. Riley’s price objective would suggest a potential upside of 4.48% from the company’s previous close.

Several other equities research analysts have also recently issued reports on APPS. National Securities restated a “buy” rating and issued a $4.50 target price on shares of Digital Turbine in a report on Tuesday, June 4th. Craig Hallum set a $6.00 target price on shares of Digital Turbine and gave the company a “buy” rating in a research note on Tuesday, June 4th. Zacks Investment Research raised Digital Turbine from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Tuesday, July 2nd. ValuEngine raised Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Finally, LADENBURG THALM/SH SH upped their price objective on Digital Turbine from $4.50 to $5.10 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Digital Turbine has a consensus rating of “Buy” and an average price target of $5.73.

NASDAQ:APPS traded up $0.31 during mid-day trading on Monday, reaching $6.70. The company’s stock had a trading volume of 2,283,634 shares, compared to its average volume of 1,604,497. The stock has a market cap of $565.29 million, a P/E ratio of 134.00 and a beta of 1.47. The firm’s fifty day moving average price is $6.51 and its two-hundred day moving average price is $4.64. Digital Turbine has a 12-month low of $1.12 and a 12-month high of $7.84.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Monday, August 5th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Digital Turbine had a negative net margin of 7.42% and a positive return on equity of 23.70%. The firm had revenue of $30.55 million for the quarter, compared to the consensus estimate of $28.39 million. On average, sell-side analysts anticipate that Digital Turbine will post 0.17 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of APPS. Acadian Asset Management LLC raised its position in Digital Turbine by 50.3% in the second quarter. Acadian Asset Management LLC now owns 929,641 shares of the software maker’s stock worth $4,648,000 after acquiring an additional 310,980 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Digital Turbine in the 2nd quarter worth $2,185,000. Roubaix Capital LLC raised its holdings in Digital Turbine by 3.5% in the 2nd quarter. Roubaix Capital LLC now owns 525,680 shares of the software maker’s stock worth $2,628,000 after purchasing an additional 17,994 shares during the period. Advisory Services Network LLC raised its holdings in Digital Turbine by 3.4% in the 2nd quarter. Advisory Services Network LLC now owns 181,004 shares of the software maker’s stock worth $905,000 after purchasing an additional 5,942 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in Digital Turbine during the second quarter valued at $5,204,000. 39.36% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Digital Turbine (NASDAQ:APPS)

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