Digital Turbine (NASDAQ:APPS) Shares Down 5.4% – Should You Sell?

Shares of Digital Turbine, Inc. (NASDAQ:APPS) fell 5.4% during trading on Tuesday . The stock traded as low as $10.03 and last traded at $10.1750. Approximately 546,812 shares changed hands during trading, a decline of 86% from the average session volume of 4,050,343 shares. The stock had previously closed at $10.76.

Wall Street Analysts Forecast Growth

APPS has been the topic of a number of recent analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $18.00 price target on shares of Digital Turbine in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings downgraded Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Benchmark increased their target price on Digital Turbine from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Zacks Research cut Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.75.

Digital Turbine Stock Down 5.5%

The firm’s 50-day moving average price is $10.75 and its 200-day moving average price is $6.91. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -39.15, a price-to-earnings-growth ratio of 0.47 and a beta of 2.81. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.20 and a quick ratio of 1.20.

Digital Turbine (NASDAQ:APPS) last issued its 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. The business had revenue of $165.98 million for the quarter, compared to the consensus estimate of $149.98 million. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. Sell-side analysts forecast that Digital Turbine, Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Digital Turbine

Several institutional investors and hedge funds have recently modified their holdings of APPS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Digital Turbine by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock worth $156,000 after acquiring an additional 2,449 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Digital Turbine by 74.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock valued at $2,774,000 after acquiring an additional 437,310 shares in the last quarter. Strs Ohio bought a new position in Digital Turbine during the first quarter valued at about $41,000. Creative Planning boosted its holdings in Digital Turbine by 39.2% during the second quarter. Creative Planning now owns 21,289 shares of the software maker’s stock worth $126,000 after buying an additional 5,991 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Digital Turbine by 272.0% during the second quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock worth $4,049,000 after purchasing an additional 501,829 shares during the period. 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.