Digital Turbine (NASDAQ:APPS) Rating Increased to Hold at StockNews.com

Digital Turbine (NASDAQ:APPS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities research analysts also recently weighed in on APPS. Craig Hallum cut their price target on shares of Digital Turbine from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Roth Mkm reduced their price objective on shares of Digital Turbine from $5.50 to $4.50 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.50.

Digital Turbine Price Performance

Shares of NASDAQ APPS opened at $1.94 on Tuesday. Digital Turbine has a twelve month low of $1.78 and a twelve month high of $14.61. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $197.92 million, a price-to-earnings ratio of -0.98, a PEG ratio of 4.82 and a beta of 2.48. The firm has a 50-day moving average of $2.51 and a two-hundred day moving average of $4.41.

Digital Turbine (NASDAQ:APPS) last issued its quarterly 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 negative net margin of 34.53% and a positive return on equity of 4.48%. The business had revenue of $142.63 million during the quarter, compared to analyst estimates of $146.45 million. As a group, analysts expect that Digital Turbine will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Digital Turbine

A number of hedge funds have recently bought and sold shares of APPS. Pineridge Advisors LLC purchased a new stake in Digital Turbine during the fourth quarter valued at about $34,000. GAMMA Investing LLC purchased a new stake in shares of Digital Turbine in the fourth quarter worth approximately $43,000. New Mexico Educational Retirement Board purchased a new stake in shares of Digital Turbine in the first quarter worth approximately $47,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Digital Turbine in the first quarter worth approximately $55,000. Finally, Blue Trust Inc. lifted its position in shares of Digital Turbine by 87.6% in the fourth quarter. Blue Trust Inc. now owns 9,093 shares of the software maker’s stock worth $62,000 after purchasing an additional 4,245 shares in the last quarter. 63.66% of the stock is owned by hedge funds and other institutional investors.

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.