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

Shares of Digital Turbine, Inc. (NASDAQ:APPS) have earned an average recommendation of “Hold” from the four analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $7.50.

APPS has been the topic of several recent research reports. StockNews.com raised shares of Digital Turbine from a “sell” rating to a “hold” rating in a research note on Saturday. Roth Mkm lowered their price objective on shares of Digital Turbine from $5.50 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Finally, Craig Hallum lowered 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 note on Thursday, February 8th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in APPS. Ronald Blue Trust Inc. increased its position in shares of Digital Turbine by 395.2% in the third quarter. Ronald Blue Trust Inc. now owns 4,848 shares of the software maker’s stock worth $29,000 after acquiring an additional 3,869 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Digital Turbine during the fourth quarter valued at approximately $31,000. PNC Financial Services Group Inc. grew its position in Digital Turbine by 90.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,644 shares of the software maker’s stock valued at $34,000 after purchasing an additional 1,735 shares in the last quarter. Pineridge Advisors LLC purchased a new position in Digital Turbine during the fourth quarter valued at approximately $34,000. Finally, GAMMA Investing LLC purchased a new position in Digital Turbine during the fourth quarter valued at approximately $43,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

Digital Turbine Price Performance

APPS stock opened at $1.87 on Tuesday. Digital Turbine has a 52 week low of $1.78 and a 52 week high of $14.61. The company has a market capitalization of $190.78 million, a price-to-earnings ratio of -0.95, a price-to-earnings-growth ratio of 4.60 and a beta of 2.49. The firm’s 50-day moving average is $2.99 and its two-hundred day moving average is $4.72. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

Digital Turbine (NASDAQ:APPS) last released 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 for the quarter, compared to the consensus estimate of $146.45 million. On average, analysts forecast that Digital Turbine will post 0.16 earnings per share 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.