Digital Turbine (NASDAQ:APPS) Downgraded by StockNews.com

StockNews.com lowered shares of Digital Turbine (NASDAQ:APPS) from a hold rating to a sell rating in a research note published on Monday morning.

A number of other equities research analysts also recently weighed in on the company. Roth Mkm cut their target price 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. Craig Hallum cut their price objective on Digital Turbine from $12.00 to $10.00 and set a buy rating for the company in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $7.50.

Digital Turbine Stock Performance

APPS opened at $1.92 on Monday. The company has a market capitalization of $195.88 million, a price-to-earnings ratio of -0.97, a price-to-earnings-growth ratio of 4.57 and a beta of 2.48. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.07 and a quick ratio of 1.07. Digital Turbine has a 1-year low of $1.78 and a 1-year high of $14.61. The business has a 50 day moving average price of $2.70 and a two-hundred day moving average price of $4.56.

Digital Turbine (NASDAQ:APPS) last released its 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). The firm had revenue of $142.63 million during the quarter, compared to analyst estimates of $146.45 million. Digital Turbine had a positive return on equity of 4.48% and a negative net margin of 34.53%. Research analysts predict that Digital Turbine will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Digital Turbine

A number of institutional investors and hedge funds have recently modified their holdings of APPS. Ronald Blue Trust Inc. lifted its holdings in shares of Digital Turbine by 395.2% in the third 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 in the last quarter. Pineridge Advisors LLC purchased a new stake in shares of Digital Turbine in the fourth quarter valued at $34,000. GAMMA Investing LLC purchased a new stake in shares of Digital Turbine in the fourth quarter valued at $43,000. Blue Trust Inc. lifted its holdings in shares of Digital Turbine by 87.6% in the fourth quarter. Blue Trust Inc. now owns 9,093 shares of the software maker’s stock valued at $62,000 after purchasing an additional 4,245 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Digital Turbine by 194.3% in the third quarter. PNC Financial Services Group Inc. now owns 10,725 shares of the software maker’s stock valued at $65,000 after purchasing an additional 7,081 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

About Digital Turbine

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.