[ad_1]
Raymond James Financial Services Advisors Inc. increased its stake in Digital Turbine, Inc. (NASDAQ:APPS – Get Rating) by 41.1% in the third quarter, according to a recent disclosure to the Securities and Exchange Commission (SEC). The company owned his 30,050 shares in the software maker after acquiring another 8,750 shares during the quarter. Raymond James Financial Services Advisors Inc.’s Digital Turbine holding was valued at $433,000 as of his latest SEC filing.
→ Is this the end of capitalism? (From Porter & Co.)
Many other hedge funds and other institutional investors have also recently changed positions in the business. Rice Hall James & Associates LLC acquired a new stake in Digital Turbine worth $21,530,000 in the first quarter. Raymond James & Associates increased his position in Digital Turbine by 37.6% in the first quarter. After Raymond James & Associates purchased an additional 14,493 of his shares during this period, he owns 53,074 shares of the software maker worth $2,325,000. American Century Companies Inc. increased its position in digital turbines by 39.4% in the first quarter. American Century Companies Inc. owns 27,009 shares of the software maker worth $1,183,000 after purchasing an additional 7,634 shares during this period. Cetera Advisor Networks LLC acquired new shares in Digital Turbine worth $324,000 in the first quarter. Finally, Rhumbline Advisers increased its position in digital turbines by 3.4% in the first quarter. After purchasing an additional 7,843 shares during this period, Rhumbline Advisers now owns 239,498 shares of the software maker’s stock valued at $10,492,000. Institutional investors and hedge funds own 62.45% of the company’s shares.
Analyst Rating Change
Several analysts recently commented on the stock. Bank of America featured shares in Digital Turbine in a research report on Monday, Oct. 17. They set a ‘buy’ rating and a $24.00 price target. Oppenheimer lowered his price target for Digital Turbine stock from his $32.00 to $19.00 and gave the stock an “outperform” rating in a report on Tuesday, Oct. 4. StockNews.com upgraded Digital Turbine’s stock from a ‘sell’ rating to a ‘pending’ rating in a report on Tuesday, November 22nd. B. Riley lowered his price target on Digital Turbine shares from $33.00 to $28.00 and set a ‘buy’ rating in his Notes on Research on Wednesday, Oct. 5. Finally, Roth Capital lowered its price target on Digital Turbine stock to $20.00 from his $32.00 in his Monday, Oct. 31 research notes. One analyst rated the stock with a hold rating and four assigned a buy rating to the company. According to MarketBeat data, the company’s current consensus rating is “moderate buy” with an average price target of $26.83.
Digital turbine price/performance ratio
APPS shares opened at $16.86 on Friday. The company has a debt to equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50-day moving average of $16.06 and a 200-day moving average of $17.06. Digital Turbine, Inc. has a 12-month low of $10.65 and a 12-month high of $55.68. The company has a market capitalization of $1.67 billion, a PE ratio of 32.42, a price/earnings ratio of 1.03, and a beta of 2.39.
Digital Turbine (NASDAQ:APPS – Get Rating) last reported quarterly results on Wednesday, November 9th. The software maker reported that his earnings per share for the quarter were $0.28, beating analyst consensus expectations of $0.26 for him by $0.02. Digital Turbine had a net profit margin of 5.82% and a return on equity of 26.56%. The business generated revenue of $174.86 million for the quarter, compared with analyst estimates of $173.67 million. Analysts expect Digital Turbine, Inc.’s earnings per share to be 1.15 this year.
digital turbine profile
(get rating)
Digital Turbine, Inc. is a leading media and mobile communications company that helps provide end-to-end platform solutions to mobile operators, application developers, device original equipment manufacturers (OEMs), and other third parties. Committed to innovation. It operates through On Device Media (ODM), In App Media-AdColony (IAM-A), and In App Media-Fyber (IAM-F) segments.
Related item
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
Listen to this before you consider Digital Turbine.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Digital Turbine is not on the list. bottom.
Digital Turbine is currently rated as a ‘buy’ among analysts, but top analysts believe these five stocks are better buys.
See 5 stocks here
[ad_2]
Source link
