Digital Turbine, Inc. (NASDAQ:APPS) Receives $7.50 Consensus Target Price from Analysts

Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report) has been assigned a consensus rating of "Hold" from the four research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.50.

A number of equities research analysts recently commented on APPS shares. StockNews.com lowered shares of Digital Turbine from a "hold" rating to a "sell" rating in a report on Friday. Craig Hallum decreased their target price 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. Finally, Roth Mkm decreased their target price on shares of Digital Turbine from $5.50 to $4.50 and set a "neutral" rating for the company in a research report on Thursday, February 8th.

Digital Turbine Stock Performance

Shares of APPS traded up $0.02 during trading hours on Tuesday, reaching $2.17. 1,741,691 shares of the company traded hands, compared to its average volume of 2,660,661. Digital Turbine has a 1-year low of $2.10 and a 1-year 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. The stock has a market cap of $221.38 million, a P/E ratio of -1.10, a price-to-earnings-growth ratio of 3.25 and a beta of 2.49. The stock's fifty day moving average is $3.26 and its 200 day moving average is $4.84.

Digital Turbine (NASDAQ:APPS - Get Free Report) last posted its earnings results 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 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%. Equities research analysts anticipate that Digital Turbine will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of APPS. Rice Hall James & Associates LLC bought a new position in shares of Digital Turbine in the 1st quarter valued at about $21,530,000. Raymond James & Associates boosted its holdings in shares of Digital Turbine by 37.6% during the 1st quarter. Raymond James & Associates now owns 53,074 shares of the software maker's stock worth $2,325,000 after buying an additional 14,493 shares during the period. American Century Companies Inc. boosted its holdings in shares of Digital Turbine by 39.4% during the 1st quarter. American Century Companies Inc. now owns 27,009 shares of the software maker's stock worth $1,183,000 after buying an additional 7,634 shares during the period. Cetera Advisor Networks LLC bought a new stake in shares of Digital Turbine during the 1st quarter worth about $324,000. Finally, Rhumbline Advisers boosted its holdings in shares of Digital Turbine by 3.4% during the 1st quarter. Rhumbline Advisers now owns 239,498 shares of the software maker's stock worth $10,492,000 after buying an additional 7,843 shares during the period. 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.