B. Riley restated their buy rating on shares of Digital Turbine (NASDAQ:APPS) in a research note published on Monday, TipRanks reports. B. Riley currently has a $8.75 price target on the software maker’s stock. B. Riley also issued estimates for Digital Turbine’s Q4 2020 earnings at $0.03 EPS, Q1 2021 earnings at $0.03 EPS, Q3 2021 earnings at $0.06 EPS and FY2021 earnings at $0.18 EPS.
Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Digital Turbine from a hold rating to a strong-buy rating and set a $7.75 price objective for the company in a report on Wednesday, November 6th. ValuEngine cut shares of Digital Turbine from a hold rating to a sell rating in a report on Tuesday, February 4th. Roth Capital restated a buy rating and set a $9.00 target price on shares of Digital Turbine in a research report on Monday, November 25th. National Securities began coverage on Digital Turbine in a report on Tuesday, December 17th. They issued a buy rating and a $11.00 price target for the company. Finally, BidaskClub cut Digital Turbine from a hold rating to a sell rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Digital Turbine has an average rating of Buy and an average target price of $7.66.
NASDAQ APPS opened at $7.02 on Monday. The company has a market cap of $554.36 million, a PE ratio of -77.99 and a beta of 1.57. Digital Turbine has a 52 week low of $2.65 and a 52 week high of $9.13. The firm’s 50-day simple moving average is $7.02 and its two-hundred day simple moving average is $7.08.
In other news, CEO William Gordon Stone III purchased 12,500 shares of the stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $7.02 per share, with a total value of $87,750.00. Corporate insiders own 5.80% of the company’s stock.
A number of large investors have recently modified their holdings of APPS. Cornerstone Wealth Group LLC increased its holdings in Digital Turbine by 14.4% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 14,300 shares of the software maker’s stock worth $92,000 after acquiring an additional 1,800 shares during the period. Calamos Advisors LLC increased its holdings in shares of Digital Turbine by 0.7% in the fourth quarter. Calamos Advisors LLC now owns 437,305 shares of the software maker’s stock worth $3,118,000 after purchasing an additional 2,947 shares during the period. Bank of Montreal Can increased its holdings in shares of Digital Turbine by 43.3% in the fourth quarter. Bank of Montreal Can now owns 9,866 shares of the software maker’s stock worth $70,000 after purchasing an additional 2,981 shares during the period. California State Teachers Retirement System raised its position in shares of Digital Turbine by 2.6% in the third quarter. California State Teachers Retirement System now owns 122,274 shares of the software maker’s stock worth $788,000 after buying an additional 3,138 shares in the last quarter. Finally, IFP Advisors Inc purchased a new stake in shares of Digital Turbine in the fourth quarter worth $30,000. 39.70% of the stock is 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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