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

StockNews.com upgraded shares of Digital Turbine (NASDAQ:APPS) from a sell rating to a hold rating in a report released on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Craig Hallum cut their price objective on shares of Digital Turbine from $12.00 to $10.00 and set a buy rating for the company in a research report on Thursday, February 8th. Roth Mkm reduced their price target on Digital Turbine from $5.50 to $4.50 and set a neutral rating for the company in a research report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $7.50.

Digital Turbine Stock Down 2.6 %

APPS stock opened at $1.91 on Tuesday. The business’s 50-day moving average is $2.54 and its two-hundred day moving average is $4.43. The company has a market cap of $194.86 million, a price-to-earnings ratio of -0.97, a P/E/G ratio of 4.47 and a beta of 2.49. Digital Turbine has a fifty-two week low of $1.78 and a fifty-two week high of $14.61. 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 (NASDAQ:APPS) last issued its quarterly earnings data on Wednesday, February 7th. The software maker reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The business had revenue of $142.63 million during the quarter, compared to the consensus estimate of $146.45 million. Digital Turbine had a positive return on equity of 4.48% and a negative net margin of 34.53%. As a group, analysts forecast that Digital Turbine will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

Institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. bought a new position in shares of Digital Turbine in the third quarter worth about $3,557,000. Swiss National Bank boosted its stake in Digital Turbine by 1.8% in the 3rd quarter. Swiss National Bank now owns 219,800 shares of the software maker’s stock worth $1,330,000 after purchasing an additional 3,800 shares during the period. PNC Financial Services Group Inc. grew its holdings in Digital Turbine by 194.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,725 shares of the software maker’s stock valued at $65,000 after buying an additional 7,081 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Digital Turbine by 0.5% during the third quarter. Vanguard Group Inc. now owns 12,247,455 shares of the software maker’s stock valued at $74,097,000 after buying an additional 64,412 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in shares of Digital Turbine by 517.4% in the third quarter. Dark Forest Capital Management LP now owns 86,634 shares of the software maker’s stock worth $524,000 after buying an additional 72,602 shares in the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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.