Digital Turbine (NASDAQ:APPS) Trading Down 4.8% – Time to Sell?

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

Analysts Set New Price Targets

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

Digital Turbine Price Performance

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

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Digital Turbine by 9.4% during the third quarter. Creative Planning now owns 23,286 shares of the software maker’s stock valued at $149,000 after purchasing an additional 1,997 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Digital Turbine by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock valued at $156,000 after buying an additional 2,449 shares in the last quarter. Legal & General Group Plc raised its stake in Digital Turbine by 31.6% during the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after buying an additional 2,550 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Digital Turbine by 22.5% in the second quarter. Osaic Holdings Inc. now owns 18,073 shares of the software maker’s stock worth $107,000 after acquiring an additional 3,322 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Digital Turbine in the third quarter worth $31,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

About Digital Turbine

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.