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

Digital Turbine (NASDAQ:APPS) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Digital Turbine Trading Up 3.7 %

Shares of NASDAQ:APPS traded up $0.13 during trading on Monday, reaching $3.65. The company’s stock had a trading volume of 3,107,168 shares, compared to its average volume of 4,084,124. The stock has a market capitalization of $383.28 million, a PE ratio of -1.20 and a beta of 2.43. Digital Turbine has a 12 month low of $1.18 and a 12 month high of $6.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.50. The firm’s 50 day simple moving average is $3.49 and its two-hundred day simple moving average is $2.71.

Digital Turbine (NASDAQ:APPS) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.08). Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. On average, research analysts predict that Digital Turbine will post -0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Digital Turbine

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Digital Turbine during the fourth quarter valued at approximately $28,000. Plancorp LLC bought a new stake in shares of Digital Turbine during the 4th quarter worth approximately $35,000. ProShare Advisors LLC boosted its holdings in Digital Turbine by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker’s stock valued at $46,000 after acquiring an additional 8,892 shares during the period. Intech Investment Management LLC bought a new position in Digital Turbine in the 3rd quarter valued at $84,000. Finally, Cetera Investment Advisers increased its stake in Digital Turbine by 94.3% in the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker’s stock worth $46,000 after purchasing an additional 13,317 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.