Digital Turbine (NASDAQ:APPS) Target Raised by Craig Hallum to $15.00

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Digital Turbine stock has undergone multiple analysts rating changes in the recent past.  Digital Turbine stock Target Raised by   Craig Hallum on 6/30/2020. In a note to investors, the firm issued a new target price of $15.00. The analysts previously had $12.00 target price. Craig Hallum’s price target would indicate a potential upside of 26.37% from the stock’s previous close.

Shares of Digital Turbine traded up $0.47 on Tuesday, reaching $12.34. 1582411 shares of the stock traded hands, compared to its average volume of 3145134. Shares of were trading at $12.34 on Tuesday. The firm’s 50 day moving average is $$7.61 and its 200 day moving average is $6.87.Digital Turbine  has a 12 month low of $11.71 and a 12 month high of $12.71. While on yearly highs and lows, Digital Turbine today has traded high as $12.71 and has touched $11.71 on the downward trend.

Digital Turbine Earnings and What to expect: 

Digital Turbine last released its quarterly earnings data on June 2nd, 2020. The software maker reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $39.35 million for the quarter, compared to analyst estimates of $38.40 million. Digital Turbine has generated $0.17 earnings per share over the last year and currently has a price-to-earnings ratio of 82.5. Digital Turbine has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 3rd, 2020 based off prior year’s report dates.

Earnings for Digital Turbine are expected to grow by 13.51% in the coming year, from $0.37 to $0.42 per share. The P/E ratio of Digital Turbine is 82.93, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Digital Turbine is 82.93, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.80. Digital Turbine has a P/B Ratio of 13.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 5.80%
  • On 3/17/2020 Director Jeff Karish Buy 5,000 at average share price of $4.22 which equates to $21,100.00 in money value.
  • On 3/9/2020 Director Robert M Deutschman Buy 5,000 at average price of  $6.02 with total value of : Not Data Available
  • On 2/27/2020 Director Robert M Deutschman Buy 2,000 at average price of  $5.93 with total value of : $11,860.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Digital Turbine

  • 6/26/2020 – Digital Turbine was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/25/2020 – Digital Turbine had its price target raised by analysts at Roth Capital from $9.50 to $13.00.
  • 6/24/2020 – Digital Turbine is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $14.00 price target on the stock.
  • 6/8/2020 – Digital Turbine was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Craig Hallum: 

  • 6/30/2020 – Qumu was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating.
  • 6/29/2020 – Lithia Motors had its price target raised by analysts at Craig Hallum from $140.00 to $170.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – MarineMax had its price target raised by analysts at Craig Hallum from $16.00 to $24.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – Anterix had its price target raised by analysts at Craig Hallum from $80.00 to $100.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Digital Turbine (NASDAQ:APPS) Moving Average Technical Analysis

5 day Moving Average is $$11.76 And 5 day price change is $1.07 (9.51%)  with average volume for 5 day average is 2,510,103. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $10.36 and 20 day price change is $5.48 (79.91%) and average 20 day moving volume is 3,809,926. 50 day moving average is $7.61  and 50 day price change is $7.04 ( 132.86%)  and with average volume for 50 days is : 2,585,688. 200 day moving average is $6.87  and 200 day price change is $5.68 (85.31%)  and with average volume for 200 days is : 2,335,688.

See More Analyst Rating at: RATING