Digital Turbine (NASDAQ:APPS – Get Free Report) had its target price cut by investment analysts at Roth Mkm from $4.50 to $3.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. Roth Mkm’s target price suggests a potential upside of 36.99% from the stock’s previous close.
Several other equities research analysts have also commented on the company. StockNews.com upgraded Digital Turbine from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Craig Hallum cut their price objective on Digital Turbine from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.00.
View Our Latest Analysis on APPS
Digital Turbine Price Performance
Institutional Investors Weigh In On Digital Turbine
Large investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new stake in shares of Digital Turbine in the first quarter valued at approximately $28,000. Pineridge Advisors LLC purchased a new position in Digital Turbine in the fourth quarter worth approximately $34,000. GAMMA Investing LLC purchased a new position in Digital Turbine in the fourth quarter worth approximately $43,000. New Mexico Educational Retirement Board purchased a new position in Digital Turbine in the first quarter worth approximately $47,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Digital Turbine in the first quarter worth approximately $55,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.
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.
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