Digital Turbine (NASDAQ:APPS) Stock Price Down 6.3% – Time to Sell?

Shares of Digital Turbine, Inc. (NASDAQ:APPS) were down 6.3% during mid-day trading on Wednesday . The stock traded as low as $11.46 and last traded at $11.3590. 678,859 shares traded hands during trading, a decline of 84% from the average session volume of 4,132,630 shares. The stock had previously closed at $12.12.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Benchmark upped their target price on Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings downgraded Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Craig Hallum restated a “buy” rating and issued a $18.00 price target on shares of Digital Turbine in a research note on Wednesday, August 5th. Zacks Research lowered Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wall Street Zen cut Digital Turbine from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Digital Turbine presently has an average rating of “Moderate Buy” and an average price target of $14.75.

Digital Turbine Stock Down 3.9%

The company has a debt-to-equity ratio of 1.80, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -44.96, a P/E/G ratio of 0.53 and a beta of 2.81. The stock has a 50-day moving average of $10.47 and a 200-day moving average of $6.51.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%.The business had revenue of $165.98 million during the quarter, compared to the consensus estimate of $149.98 million. Sell-side analysts predict that Digital Turbine, Inc. will post 0.75 EPS for the current fiscal year.

Institutional Trading of Digital Turbine

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Globeflex Capital L P acquired a new stake in shares of Digital Turbine in the 2nd quarter valued at $4,745,000. Bank of New York Mellon Corp acquired a new position in shares of Digital Turbine during the 2nd quarter worth $5,374,000. CoreCap Advisors LLC bought a new stake in shares of Digital Turbine during the 2nd quarter worth $674,000. Segall Bryant & Hamill LLC acquired a new stake in Digital Turbine in the first quarter valued at about $1,283,000. Finally, Verus Capital Partners LLC acquired a new stake in Digital Turbine in the first quarter valued at about $35,000. 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.