Digital Turbine (NASDAQ:APPS) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.18 and traded as low as $5.18. Digital Turbine shares last traded at $5.37, with a volume of 3,698,777 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Craig Hallum lifted their target price on shares of Digital Turbine from $4.00 to $7.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Wall Street Zen raised shares of Digital Turbine from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st.

Digital Turbine Price Performance

The stock's 50-day moving average is $5.23 and its 200 day moving average is $3.91. The stock has a market capitalization of $581.90 million, a PE ratio of -6.06 and a beta of 2.57. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.66.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released its earnings results on Monday, June 16th. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm had revenue of $119.15 million during the quarter, compared to analysts' expectations of $116.64 million. Digital Turbine had a negative net margin of 18.61% and a positive return on equity of 1.89%. During the same period in the prior year, the company earned $0.12 EPS. As a group, equities analysts predict that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in shares of Digital Turbine in the first quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd acquired a new position in Digital Turbine during the first quarter worth $45,000. Cetera Investment Advisers increased its holdings in Digital Turbine by 94.3% during the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock worth $46,000 after buying an additional 13,317 shares during the last quarter. ProShare Advisors LLC increased its holdings in Digital Turbine by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker's stock worth $46,000 after buying an additional 8,892 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in Digital Turbine during the first quarter worth $47,000. Institutional investors 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.