Digital Turbine (NASDAQ:APPS) Price Target Cut to $2.50

Digital Turbine (NASDAQ:APPSGet Free Report) had its target price cut by analysts at Roth Mkm from $3.00 to $2.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. Roth Mkm’s price objective would suggest a potential upside of 28.87% from the stock’s previous close.

APPS has been the subject of a number of other reports. StockNews.com raised Digital Turbine from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Craig Hallum cut their price target on shares of Digital Turbine from $10.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Digital Turbine presently has an average rating of “Hold” and an average target price of $5.17.

View Our Latest Analysis on Digital Turbine

Digital Turbine Trading Up 4.3 %

NASDAQ APPS opened at $1.94 on Wednesday. The firm’s fifty day moving average is $2.19 and its two-hundred day moving average is $4.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $197.92 million, a PE ratio of -0.47, a P/E/G ratio of 5.51 and a beta of 2.54. Digital Turbine has a one year low of $1.78 and a one year high of $11.46.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd purchased a new stake in shares of Digital Turbine in the first quarter valued at $28,000. Pineridge Advisors LLC acquired a new position in shares of Digital Turbine during the fourth quarter worth $34,000. GAMMA Investing LLC acquired a new stake in shares of Digital Turbine during the fourth quarter valued at about $43,000. New Mexico Educational Retirement Board acquired a new position in Digital Turbine during the 1st quarter worth $47,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Digital Turbine during the first quarter worth $55,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

Digital Turbine Company Profile

(Get Free Report)

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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