StockNews.com Downgrades Digital Turbine (NASDAQ:APPS) to Sell

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

APPS has been the subject of several other reports. 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 report on Thursday, February 8th. Roth Mkm cut 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.50.

Digital Turbine Trading Down 3.6 %

Shares of APPS stock opened at $2.17 on Friday. The company has a 50 day moving average of $3.40 and a 200-day moving average of $4.91. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.84. Digital Turbine has a 12-month low of $2.15 and a 12-month high of $14.61. The firm has a market cap of $221.38 million, a P/E ratio of -1.10, a PEG ratio of 5.53 and a beta of 2.48.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $146.45 million. Sell-side analysts anticipate that Digital Turbine will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of APPS. Ronald Blue Trust Inc. boosted its holdings in Digital Turbine by 395.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 4,848 shares of the software maker’s stock valued at $29,000 after purchasing an additional 3,869 shares during the period. Lazard Asset Management LLC bought a new position in Digital Turbine in the 4th quarter valued at $31,000. Pineridge Advisors LLC bought a new position in Digital Turbine in the 4th quarter valued at $34,000. PNC Financial Services Group Inc. boosted its holdings in Digital Turbine by 90.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,644 shares of the software maker’s stock valued at $34,000 after purchasing an additional 1,735 shares during the period. Finally, GAMMA Investing LLC bought a new position in Digital Turbine in the 4th quarter valued at $43,000. 63.66% of the stock is 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.