Digital Turbine (NASDAQ:APPS) Stock Price Down 5.4% - What's Next?

Key Points

• Digital Turbine shares fell 5.4% to about $10.18 in mid-day trading, with trading volume 86% below the average daily level.
• Analyst sentiment remains mixed but leans positive: four analysts rate the stock a Buy, one rates it Hold and one Sell, producing a “Moderate Buy” consensus and a $14.75 average price target.
• The company exceeded quarterly expectations, reporting $0.19 EPS versus $0.14 expected and $165.98 million in revenue versus $149.98 million forecast; institutional investors own 63.66% of the shares.

Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report)'s share price dropped 5.4% during mid-day trading on Tuesday . The company traded as low as $10.03 and last traded at $10.1750. 546,812 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 4,050,343 shares. The stock had previously closed at $10.76.

Analyst Upgrades and Downgrades

APPS has been the topic of several research analyst reports. Zacks Research lowered Digital Turbine from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Roth Capital reaffirmed a "buy" rating and set a $17.50 price objective on shares of Digital Turbine in a report on Thursday, August 6th. Weiss Ratings cut Digital Turbine from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, June 5th. Benchmark upped their target price on Digital Turbine from $15.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Craig Hallum reissued a "buy" rating and issued a $18.00 target price on shares of Digital Turbine in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.75.

Digital Turbine Trading Down 5.5%

The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.20 and a current ratio of 1.20. The business has a fifty day simple moving average of $10.75 and a 200 day simple moving average of $6.91. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -39.15, a PEG ratio of 0.47 and a beta of 2.81.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. The company had revenue of $165.98 million for the quarter, compared to analysts' expectations of $149.98 million. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. As a group, equities analysts anticipate that Digital Turbine, Inc. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Digital Turbine by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 9,101,779 shares of the software maker's stock worth $45,509,000 after purchasing an additional 29,540 shares during the last quarter. Granahan Investment Management LLC lifted its position in Digital Turbine by 12.0% during the first quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker's stock worth $20,484,000 after buying an additional 762,888 shares during the period. AIGH Capital Management LLC acquired a new stake in Digital Turbine in the 1st quarter worth about $14,100,000. Bank of America Corp DE grew its holdings in Digital Turbine by 17.4% in the 1st quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker's stock valued at $10,423,000 after buying an additional 535,169 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Digital Turbine by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,772 shares of the software maker's stock valued at $12,646,000 after acquiring an additional 110,871 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Digital Turbine Company Profile

Digital Turbine, Inc NASDAQ: APPS is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company's flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.

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