Digital Turbine (NASDAQ:APPS) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Digital Turbine (NASDAQ:APPS) from a sell rating to a hold rating in a report released on Tuesday.

Several other analysts also recently commented on APPS. Craig Hallum cut their price objective on shares of Digital Turbine from $12.00 to $10.00 and set a buy rating on the stock in a research report on Thursday, February 8th. Roth Mkm lowered their price objective on Digital Turbine from $5.50 to $4.50 and set a neutral rating on the stock in a research report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $7.50.

Digital Turbine Trading Up 2.0 %

Shares of NASDAQ APPS opened at $2.06 on Tuesday. Digital Turbine has a 1 year low of $1.78 and a 1 year high of $14.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50-day moving average of $2.47 and a 200 day moving average of $4.37. The stock has a market cap of $210.16 million, a P/E ratio of -1.05, a price-to-earnings-growth ratio of 4.77 and a beta of 2.54.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Digital Turbine had a positive return on equity of 4.48% and a negative net margin of 34.53%. The company had revenue of $142.63 million during the quarter, compared to the consensus estimate of $146.45 million. As a group, sell-side analysts expect that Digital Turbine will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Digital Turbine

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pineridge Advisors LLC bought a new position in shares of Digital Turbine during the fourth quarter valued at approximately $34,000. GAMMA Investing LLC bought a new position in shares of Digital Turbine during the fourth quarter valued at approximately $43,000. New Mexico Educational Retirement Board bought a new position in shares of Digital Turbine during the first quarter valued at approximately $47,000. Allspring Global Investments Holdings LLC bought a new position in shares of Digital Turbine during the first quarter valued at approximately $55,000. Finally, Blue Trust Inc. grew its stake in shares of Digital Turbine by 87.6% during the fourth quarter. Blue Trust Inc. now owns 9,093 shares of the software maker’s stock valued at $62,000 after buying an additional 4,245 shares during the last quarter. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

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.