Uncovering Institutional Buying In Digital Turbine Inc (NASDAQ: APPS)

Currently, there are 102.12M common shares owned by the public and among those 91.83M shares have been available to trade.

The company’s stock has a 5-day price change of -11.03% and -69.44% over the past three months. APPS shares are trading -82.36% year to date (YTD), with the 12-month market performance down to -77.21% lower. It has a 12-month low price of $1.22 and touched a high of $7.32 over the same period. APPS has an average intraday trading volume of 3.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -50.17%, -56.44%, and -52.83% respectively.

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Institutional ownership of Digital Turbine Inc (NASDAQ: APPS) shares accounts for 52.90% of the company’s 102.12M shares outstanding.

It has a market capitalization of $125.51M and a beta (3y monthly) value of 2.48. The earnings-per-share (ttm) stands at -$2.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.72% over the week and 9.91% over the month.

Earnings per share for the fiscal year are expected to decrease by -75.35%, and 83.01% over the next financial year. EPS should grow at an annualized rate of 25.00% over the next five years, compared to -121.76% over the past 5-year period.

Looking at the support for the APPS, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on November 15, 2024, with the firm’s price target at $1. Craig Hallum coverage for the Digital Turbine Inc (APPS) stock in a research note released on May 29, 2024 offered a Buy rating with a price target of $5. Craig Hallum was of a view on February 08, 2024 that the stock is Buy, while BofA Securities gave the stock Neutral rating on September 14, 2023, issuing a price target of $12- $8. ROTH MKM on their part issued Neutral rating on May 25, 2023.

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