Digital Turbine (NASDAQ:APPS) Trading Down 4.8% – Should You Sell?

Shares of Digital Turbine, Inc. (NASDAQ:APPS) dropped 4.8% during trading on Friday . The stock traded as low as $5.25 and last traded at $5.2050. Approximately 1,599,582 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 4,936,914 shares. The stock had previously closed at $5.47.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on APPS shares. Weiss Ratings restated a “sell (d-)” rating on shares of Digital Turbine in a research report on Monday. Craig Hallum reaffirmed a “buy” rating and set a $10.00 price target on shares of Digital Turbine in a research report on Wednesday, November 5th. Finally, Zacks Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Digital Turbine Stock Down 3.8%

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.66. The stock’s 50-day moving average price is $5.58 and its 200-day moving average price is $5.33. The company has a market cap of $589.91 million, a P/E ratio of -7.21, a PEG ratio of 1.50 and a beta of 2.30.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. Digital Turbine had a positive return on equity of 12.12% and a negative net margin of 14.59%.The business had revenue of $140.38 million for the quarter, compared to the consensus estimate of $142.00 million. As a group, research analysts forecast that Digital Turbine, Inc. will post -0.03 EPS for the current year.

Institutional Trading of Digital Turbine

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Digital Turbine by 11.2% in the first quarter. Vanguard Group Inc. now owns 8,869,396 shares of the software maker’s stock valued at $24,080,000 after buying an additional 893,035 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Digital Turbine in the 1st quarter worth about $212,000. Nuveen LLC acquired a new stake in shares of Digital Turbine in the 1st quarter worth about $1,172,000. Russell Investments Group Ltd. lifted its position in Digital Turbine by 29,604.4% in the 1st quarter. Russell Investments Group Ltd. now owns 821,327 shares of the software maker’s stock valued at $2,230,000 after acquiring an additional 818,562 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Digital Turbine by 37.3% during the 1st quarter. American Century Companies Inc. now owns 164,206 shares of the software maker’s stock valued at $446,000 after purchasing an additional 44,620 shares during the last quarter. Institutional investors own 63.66% of the company’s stock.

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.