Digital Turbine (NASDAQ:APPS) Rating Increased to Hold at StockNews.com

Digital Turbine (NASDAQ:APPS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Several other equities analysts have also recently issued reports on the company. Roth Mkm dropped their price target 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. Craig Hallum dropped their price target on Digital Turbine from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.50.

Digital Turbine Stock Up 1.6 %

Digital Turbine stock opened at $1.94 on Tuesday. Digital Turbine has a fifty-two week low of $1.78 and a fifty-two week high of $14.61. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $197.92 million, a P/E ratio of -0.98, a PEG ratio of 4.82 and a beta of 2.48. The stock has a 50-day simple moving average of $2.51 and a 200-day simple moving average of $4.41.

Digital Turbine (NASDAQ:APPS) last posted its earnings results on Wednesday, February 7th. The software maker reported $0.07 earnings per share 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 firm had revenue of $142.63 million during the quarter, compared to analysts’ expectations of $146.45 million. Equities research analysts expect that Digital Turbine will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Digital Turbine

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pineridge Advisors LLC acquired a new position in Digital Turbine during the 4th quarter worth approximately $34,000. GAMMA Investing LLC acquired a new position in Digital Turbine during the 4th quarter worth approximately $43,000. New Mexico Educational Retirement Board acquired a new position in Digital Turbine during the 1st quarter worth approximately $47,000. Allspring Global Investments Holdings LLC acquired a new position in Digital Turbine during the 1st quarter worth approximately $55,000. Finally, Blue Trust Inc. increased its position in Digital Turbine by 87.6% during the 4th quarter. Blue Trust Inc. now owns 9,093 shares of the software maker’s stock worth $62,000 after purchasing an additional 4,245 shares during the period. Institutional investors and hedge funds own 63.66% of the company’s stock.

About Digital Turbine

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.