Digital Turbine Inc (NASDAQ:APPS) Downgraded by ValuEngine to Strong Sell
Digital Turbine Inc (NASDAQ:APPS) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a report on Wednesday, June 28th. B. Riley reiterated a “buy” rating and issued a $1.40 price target on shares of Digital Turbine in a report on Sunday, June 18th. Craig Hallum upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating and lifted their price target for the company from $1.10 to $1.50 in a report on Tuesday, April 25th. Roth Capital upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating in a report on Thursday, March 30th. Finally, Ladenburg Thalmann Financial Services lifted their price target on shares of Digital Turbine from $1.25 to $2.00 and gave the company a “buy” rating in a report on Friday, June 16th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $1.54.
Digital Turbine (NASDAQ:APPS) traded down 3.60% on Thursday, reaching $1.07. The company had a trading volume of 101,192 shares. Digital Turbine has a 12-month low of $0.56 and a 12-month high of $1.55. The stock’s 50 day moving average price is $1.04 and its 200-day moving average price is $0.93. The stock’s market capitalization is $71.26 million.
Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Wednesday, June 14th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $22.40 million during the quarter, compared to the consensus estimate of $21.40 million. Digital Turbine had a negative net margin of 30.92% and a negative return on equity of 42.62%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. Equities analysts expect that Digital Turbine will post ($0.16) earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Perkins Capital Management Inc. increased its stake in Digital Turbine by 1.2% in the first quarter. Perkins Capital Management Inc. now owns 898,080 shares of the software maker’s stock worth $844,000 after buying an additional 11,000 shares during the period. Trellus Management Company LLC increased its stake in Digital Turbine by 5.2% in the first quarter. Trellus Management Company LLC now owns 516,325 shares of the software maker’s stock worth $485,000 after buying an additional 25,740 shares during the period. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in Digital Turbine during the first quarter worth $188,000. Hedge funds and other institutional investors own 17.75% of the company’s stock.
About Digital Turbine
Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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