Digital Turbine (NASDAQ:APPS) Shares Down 7.4% – Should You Sell?

Digital Turbine, Inc. (NASDAQ:APPS) shares were down 7.4% during trading on Wednesday . The stock traded as low as $5.11 and last traded at $5.0950. Approximately 1,669,904 shares traded hands during trading, a decline of 29% from the average daily volume of 2,366,574 shares. The stock had previously closed at $5.50.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on APPS shares. Craig Hallum reaffirmed a “buy” rating and set a $10.00 price objective on shares of Digital Turbine in a report on Wednesday, November 5th. Zacks Research downgraded Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen lowered Digital Turbine from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Digital Turbine in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Digital Turbine has a consensus rating of “Hold” and an average target price of $7.75.

Digital Turbine Stock Performance

The stock has a 50 day moving average price of $4.98 and a two-hundred day moving average price of $5.26. 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 company has a market cap of $582.05 million, a price-to-earnings ratio of -7.11, a P/E/G ratio of 1.47 and a beta of 2.24.

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

Institutional Trading of Digital Turbine

A number of institutional investors and hedge funds have recently modified their holdings of APPS. State of Alaska Department of Revenue bought a new position in Digital Turbine during the 3rd quarter worth approximately $31,000. Smartleaf Asset Management LLC bought a new stake in Digital Turbine in the second quarter valued at approximately $57,000. Legal & General Group Plc raised its holdings in Digital Turbine by 31.6% in the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock worth $63,000 after purchasing an additional 2,550 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Digital Turbine in the third quarter worth $71,000. Finally, State of Wyoming bought a new position in shares of Digital Turbine during the second quarter worth $72,000. 63.66% of the stock is owned by institutional investors.

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.