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

Digital Turbine (NASDAQ:APPS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Other equities research analysts have also recently issued reports about the stock. Roth Mkm decreased their price objective on shares of Digital Turbine from $5.50 to $4.50 and set a “neutral” rating for the company in a report on Thursday, February 8th. Craig Hallum decreased their price objective on shares of Digital Turbine from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.50.

Digital Turbine Trading Up 4.3 %

NASDAQ APPS opened at $1.94 on Monday. Digital Turbine has a 1-year low of $1.78 and a 1-year high of $14.61. 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 company has a market capitalization of $197.92 million, a PE ratio of -1.00, a price-to-earnings-growth ratio of 4.55 and a beta of 2.49. The firm’s fifty day simple moving average is $2.73 and its 200-day simple moving average is $4.58.

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

Institutional Investors Weigh In On Digital Turbine

A number of hedge funds have recently bought and sold shares of APPS. Ronald Blue Trust Inc. boosted its holdings in Digital Turbine by 395.2% during the third quarter. Ronald Blue Trust Inc. now owns 4,848 shares of the software maker’s stock valued at $29,000 after acquiring an additional 3,869 shares during the period. SG Americas Securities LLC boosted its holdings in Digital Turbine by 153.8% during the third quarter. SG Americas Securities LLC now owns 73,019 shares of the software maker’s stock valued at $442,000 after acquiring an additional 44,248 shares during the period. Everence Capital Management Inc. boosted its holdings in Digital Turbine by 102.1% during the third quarter. Everence Capital Management Inc. now owns 32,740 shares of the software maker’s stock valued at $198,000 after acquiring an additional 16,540 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Digital Turbine during the third quarter valued at about $130,000. Finally, Oak Thistle LLC boosted its holdings in Digital Turbine by 92.4% during the third quarter. Oak Thistle LLC now owns 19,897 shares of the software maker’s stock valued at $120,000 after acquiring an additional 9,557 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.