Digital Turbine (NASDAQ:APPS - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.
Other equities research analysts also recently issued reports about the company. Craig Hallum decreased their target price on Digital Turbine from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, February 8th. Roth Mkm decreased their target price on Digital Turbine from $5.50 to $4.50 and set a "neutral" rating on the stock in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.50.
View Our Latest Stock Report on Digital Turbine
Digital Turbine Stock Performance
APPS stock traded down $0.08 during trading on Friday, reaching $2.17. 1,713,879 shares of the stock were exchanged, compared to its average volume of 2,679,742. Digital Turbine has a twelve month low of $2.15 and a twelve month high of $14.61. The company has a market capitalization of $221.39 million, a P/E ratio of -1.10, a price-to-earnings-growth ratio of 5.65 and a beta of 2.48. The stock has a 50 day simple moving average of $3.40 and a 200-day simple moving average of $4.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.
Digital Turbine (NASDAQ:APPS - Get Free Report) 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). Digital Turbine had a positive return on equity of 4.48% and a negative net margin of 34.53%. The firm had revenue of $142.63 million for the quarter, compared to analyst estimates of $146.45 million. As a group, sell-side analysts anticipate that Digital Turbine will post 0.16 earnings per share for the current year.
Institutional Investors Weigh In On Digital Turbine
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Digital Turbine by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 12,790,615 shares of the software maker's stock valued at $87,744,000 after purchasing an additional 543,160 shares in the last quarter. Pineridge Advisors LLC bought a new position in shares of Digital Turbine in the fourth quarter valued at approximately $34,000. GSA Capital Partners LLP bought a new position in shares of Digital Turbine in the fourth quarter valued at approximately $826,000. Barclays PLC raised its stake in shares of Digital Turbine by 210.7% in the fourth quarter. Barclays PLC now owns 308,032 shares of the software maker's stock valued at $2,113,000 after acquiring an additional 208,880 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Digital Turbine by 1.1% in the fourth quarter. Nuveen Asset Management LLC now owns 267,788 shares of the software maker's stock valued at $1,837,000 after acquiring an additional 2,940 shares during the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.
About Digital Turbine
(
Get Free Report)
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.
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