Digital Turbine (NASDAQ:APPS) Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of Digital Turbine (NASDAQ:APPS) from a hold rating to a sell rating in a research note issued to investors on Monday.

A number of other equities analysts have also weighed in on the company. Craig Hallum lowered their target price on Digital Turbine from $12.00 to $10.00 and set a buy rating on the stock in a research report on Thursday, February 8th. Roth Mkm lowered their price target on Digital Turbine from $5.50 to $4.50 and set a neutral rating for the company in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Digital Turbine currently has a consensus rating of Hold and a consensus price target of $7.50.

Digital Turbine Price Performance

Shares of NASDAQ:APPS opened at $1.86 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.84. Digital Turbine has a twelve month low of $1.78 and a twelve month high of $14.61. The stock’s 50 day moving average is $2.77 and its 200-day moving average is $4.61. The firm has a market capitalization of $189.76 million, a price-to-earnings ratio of -0.94, a PEG ratio of 4.55 and a beta of 2.49.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Wednesday, February 7th. The software maker reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Digital Turbine had a positive return on equity of 4.48% and a negative net margin of 34.53%. The firm had revenue of $142.63 million for the quarter, compared to analyst estimates of $146.45 million. Sell-side analysts forecast that Digital Turbine will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Digital Turbine

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ronald Blue Trust Inc. raised its position in Digital Turbine by 395.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 4,848 shares of the software maker’s stock valued at $29,000 after buying an additional 3,869 shares during the last quarter. Pineridge Advisors LLC bought a new position in Digital Turbine in the 4th quarter valued at $34,000. GAMMA Investing LLC bought a new position in Digital Turbine in the 4th quarter valued at $43,000. Allspring Global Investments Holdings LLC bought a new position in Digital Turbine in the 1st quarter valued at $55,000. Finally, Blue Trust Inc. grew its stake in Digital Turbine by 87.6% in the 4th quarter. Blue Trust Inc. now owns 9,093 shares of the software maker’s stock valued at $62,000 after purchasing an additional 4,245 shares during the period. 63.66% of the stock is owned by hedge funds and other institutional investors.

Digital Turbine Company Profile

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.