Digital Turbine (NASDAQ:APPS) Stock Rating Lowered by StockNews.com

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

Several other analysts have also recently issued reports on the company. Craig Hallum dropped 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 objective 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 analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $7.50.

Digital Turbine Stock Up 0.5 %

Shares of NASDAQ APPS opened at $1.86 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $189.76 million, a PE ratio of -0.94, a price-to-earnings-growth ratio of 4.55 and a beta of 2.49. The stock’s fifty day simple moving average is $2.77 and its two-hundred day simple moving average is $4.61. Digital Turbine has a 12-month low of $1.78 and a 12-month high of $14.61.

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

Hedge Funds Weigh In On Digital Turbine

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. purchased a new position in Digital Turbine in the 1st quarter worth $131,000. Allspring Global Investments Holdings LLC purchased a new position in Digital Turbine in the 1st quarter worth $55,000. Vanguard Group Inc. raised its stake in Digital Turbine by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 12,790,615 shares of the software maker’s stock worth $87,744,000 after acquiring an additional 543,160 shares during the last quarter. Pineridge Advisors LLC purchased a new position in Digital Turbine in the 4th quarter worth $34,000. Finally, Greenhaven Road Investment Management L.P. raised its stake in Digital Turbine by 244.9% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 1,940,020 shares of the software maker’s stock worth $13,308,000 after acquiring an additional 1,377,587 shares during the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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.