Digital Turbine (NASDAQ:APPS – Free Report) had its price target lowered by Roth Mkm from $4.50 to $3.00 in a research note published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.
Several other research analysts have also recently issued reports on APPS. StockNews.com upgraded shares of Digital Turbine from a sell rating to a hold rating in a report on Tuesday, April 30th. Craig Hallum dropped their price objective on shares of Digital Turbine from $12.00 to $10.00 and set a buy rating on the stock in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $7.00.
Read Our Latest Report on APPS
Digital Turbine Trading Down 2.3 %
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its position in Digital Turbine by 13.3% during the third quarter. Commonwealth Equity Services LLC now owns 37,510 shares of the software maker’s stock worth $227,000 after buying an additional 4,415 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Digital Turbine by 70.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 16,792 shares of the software maker’s stock valued at $102,000 after acquiring an additional 6,914 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Digital Turbine during the 3rd quarter worth about $3,557,000. Brooktree Capital Management raised its stake in Digital Turbine by 39.4% in the 3rd quarter. Brooktree Capital Management now owns 332,736 shares of the software maker’s stock valued at $2,013,000 after purchasing an additional 93,964 shares during the last quarter. Finally, Versor Investments LP purchased a new position in Digital Turbine in the 3rd quarter valued at about $190,000. 63.66% of the stock is owned by hedge funds and other institutional investors.
About Digital Turbine
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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