Digital Turbine, Inc. (NASDAQ:APPS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Digital Turbine, Inc. (NASDAQ:APPS) have earned a consensus recommendation of “Hold” from the four ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $7.50.

APPS has been the subject of a number of recent research reports. Roth Mkm decreased their price target 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. StockNews.com upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Craig Hallum cut their price target on Digital Turbine from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Greenhaven Road Investment Management L.P. lifted its position in Digital Turbine by 244.9% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 1,940,020 shares of the software maker’s stock valued at $13,308,000 after acquiring an additional 1,377,587 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Digital Turbine in the 3rd quarter valued at about $3,557,000. Vanguard Group Inc. grew its stake in Digital Turbine by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 12,790,615 shares of the software maker’s stock worth $87,744,000 after buying an additional 543,160 shares during the last quarter. Rice Hall James & Associates LLC increased its position in Digital Turbine by 14.4% during the first quarter. Rice Hall James & Associates LLC now owns 1,980,843 shares of the software maker’s stock worth $5,190,000 after buying an additional 249,832 shares during the period. Finally, Quantbot Technologies LP increased its position in Digital Turbine by 6,303.5% during the first quarter. Quantbot Technologies LP now owns 221,626 shares of the software maker’s stock worth $581,000 after buying an additional 218,165 shares during the period. Institutional investors and hedge funds own 63.66% of the company’s stock.

Digital Turbine Stock Down 1.4 %

Shares of NASDAQ APPS opened at $2.13 on Friday. Digital Turbine has a 12-month low of $1.78 and a 12-month high of $14.61. The stock has a market cap of $217.30 million, a P/E ratio of -1.08, a PEG ratio of 5.06 and a beta of 2.54. 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 business’s fifty day simple moving average is $2.40 and its 200-day simple moving average is $4.29.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $142.63 million during the quarter, compared to analysts’ expectations of $146.45 million. As a group, equities analysts predict that Digital Turbine will post 0.16 EPS for the current fiscal year.

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.