Digital Turbine (NASDAQ:APPS) Cut to Hold at Wall Street Zen

Digital Turbine (NASDAQ:APPS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently issued reports on the company. Zacks Research downgraded Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digital Turbine in a research note on Monday, December 29th. Finally, Craig Hallum reiterated a “buy” rating and set a $10.00 price target on shares of Digital Turbine in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Digital Turbine has an average rating of “Hold” and an average target price of $7.75.

Digital Turbine Stock Performance

NASDAQ APPS opened at $4.99 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $5.01 and its 200-day simple moving average is $5.28. The company has a market cap of $559.63 million, a PE ratio of -6.84, a price-to-earnings-growth ratio of 1.55 and a beta of 2.24. Digital Turbine has a 1-year low of $1.96 and a 1-year high of $8.28.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.09. Digital Turbine had a negative net margin of 14.59% and a positive return on equity of 12.12%. The company had revenue of $140.38 million during the quarter, compared to analysts’ expectations of $142.00 million. As a group, equities research analysts anticipate that Digital Turbine will post -0.03 EPS for the current fiscal year.

Institutional Trading of Digital Turbine

Large investors have recently modified their holdings of the stock. Creative Planning raised its stake in shares of Digital Turbine by 9.4% in the third quarter. Creative Planning now owns 23,286 shares of the software maker’s stock valued at $149,000 after acquiring an additional 1,997 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Digital Turbine by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,449 shares during the period. Legal & General Group Plc raised its position in Digital Turbine by 31.6% in the 2nd quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after purchasing an additional 2,550 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Digital Turbine by 22.5% in the 2nd quarter. Osaic Holdings Inc. now owns 18,073 shares of the software maker’s stock valued at $107,000 after buying an additional 3,322 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of Digital Turbine in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

About Digital Turbine

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.