Digital Turbine (NASDAQ:APPS) Stock Price Down 5.4% – Time to Sell?

Digital Turbine, Inc. (NASDAQ:APPS)’s share price dropped 5.4% during trading on Tuesday . The company traded as low as $10.03 and last traded at $10.1750. 546,812 shares traded hands during trading, a decline of 86% from the average daily volume of 4,050,343 shares. The stock had previously closed at $10.76.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APPS shares. Zacks Research downgraded Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Craig Hallum restated a “buy” rating and set a $18.00 target price on shares of Digital Turbine in a report on Wednesday, August 5th. Weiss Ratings lowered Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Benchmark upped their price target on Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.75.

Digital Turbine Price Performance

The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -37.62, a P/E/G ratio of 0.43 and a beta of 2.87. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.80. The company has a 50 day moving average of $10.76 and a 200 day moving average of $6.99.

Digital Turbine (NASDAQ:APPS) last posted its earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%.The firm had revenue of $165.98 million for the quarter, compared to analyst estimates of $149.98 million. Equities research analysts predict that Digital Turbine, Inc. will post 0.75 EPS for the current fiscal year.

Institutional Trading of Digital Turbine

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Digital Turbine by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 9,101,779 shares of the software maker’s stock valued at $45,509,000 after buying an additional 29,540 shares in the last quarter. Granahan Investment Management LLC increased its position in shares of Digital Turbine by 12.0% during the first quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock worth $20,484,000 after acquiring an additional 762,888 shares in the last quarter. AIGH Capital Management LLC acquired a new stake in shares of Digital Turbine during the first quarter worth $14,100,000. Bank of America Corp DE raised its holdings in shares of Digital Turbine by 17.4% during the first quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker’s stock worth $10,423,000 after acquiring an additional 535,169 shares during the period. Finally, Geode Capital Management LLC lifted its position in Digital Turbine by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 2,528,772 shares of the software maker’s stock valued at $12,646,000 after acquiring an additional 110,871 shares in the last quarter. 63.66% of the stock is owned by institutional investors.

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.