Digital Turbine, Inc. (NASDAQ:APPS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Digital Turbine, Inc. (NASDAQ:APPS) have received an average rating of “Hold” from the four analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7.50.

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Digital Turbine from a “sell” rating to a “hold” rating in a report on Tuesday. Roth Mkm dropped their target price on Digital Turbine from $5.50 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, February 8th. Finally, 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 report on Thursday, February 8th.

Digital Turbine Trading Up 2.0 %

Shares of Digital Turbine stock opened at $2.06 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.07. Digital Turbine has a 52 week low of $1.78 and a 52 week high of $14.61. The stock has a 50 day moving average price of $2.47 and a two-hundred day moving average price of $4.37. The stock has a market capitalization of $210.16 million, a PE ratio of -1.05, a price-to-earnings-growth ratio of 4.77 and a beta of 2.54.

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

Institutional Trading of Digital Turbine

A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP lifted its holdings in Digital Turbine by 155.0% during the first quarter. GSA Capital Partners LLP now owns 306,870 shares of the software maker’s stock worth $804,000 after acquiring an additional 186,523 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Digital Turbine by 23.4% during the first quarter. Janney Montgomery Scott LLC now owns 177,849 shares of the software maker’s stock worth $466,000 after acquiring an additional 33,755 shares during the period. BNP Paribas Financial Markets lifted its holdings in Digital Turbine by 192.8% during the first quarter. BNP Paribas Financial Markets now owns 290,070 shares of the software maker’s stock worth $760,000 after acquiring an additional 190,990 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Digital Turbine during the first quarter worth $55,000. Finally, Rice Hall James & Associates LLC lifted its holdings in Digital Turbine by 14.4% during the first quarter. Rice Hall James & Associates LLC now owns 1,980,843 shares of the software maker’s stock worth $5,190,000 after acquiring an additional 249,832 shares during the period. 63.66% of the stock is currently owned by 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.