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

Digital Turbine (NASDAQ:APPS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a report released on Monday.

Other research analysts have also issued research reports about the company. Roth Mkm reduced their price objective 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 lowered their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.50.

Digital Turbine Stock Performance

Shares of NASDAQ:APPS traded up $0.01 on Monday, reaching $1.86. 1,269,752 shares of the company's stock were exchanged, compared to its average volume of 2,573,498. The business's 50-day moving average is $2.77 and its two-hundred day moving average is $4.61. 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 fifty-two week low of $1.78 and a fifty-two week high of $14.61. The firm has a market capitalization of $189.76 million, a price-to-earnings ratio of -0.94, a PEG ratio of 4.55 and a beta of 2.49.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released its quarterly earnings data 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). Digital Turbine had a positive return on equity of 4.48% and a negative net margin of 34.53%. The business had revenue of $142.63 million for the quarter, compared to analyst estimates of $146.45 million. As a group, equities research analysts forecast that Digital Turbine will post 0.16 EPS 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 APPS. Vanguard Group Inc. boosted its position in shares of Digital Turbine by 4.4% during the 4th 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. Greenhaven Road Investment Management L.P. boosted its holdings in Digital Turbine by 244.9% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 1,940,020 shares of the software maker's stock worth $13,308,000 after buying an additional 1,377,587 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Digital Turbine by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,252 shares of the software maker's stock worth $5,353,000 after buying an additional 60,539 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Digital Turbine in the third quarter worth approximately $3,557,000. Finally, Brooktree Capital Management increased its holdings in shares of Digital Turbine by 39.4% in the third quarter. Brooktree Capital Management now owns 332,736 shares of the software maker's stock valued at $2,013,000 after buying an additional 93,964 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

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.

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