Digital Turbine (NASDAQ:APPS) Shares Down 9.1% – Time to Sell?

Digital Turbine, Inc. (NASDAQ:APPS) shares fell 9.1% on Wednesday . The company traded as low as $4.22 and last traded at $4.2450. 894,110 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 3,462,780 shares. The stock had previously closed at $4.67.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on APPS shares. Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research raised shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digital Turbine in a research note on Monday, December 29th. Finally, Craig Hallum reissued a “buy” rating and set a $10.00 price objective on shares of Digital Turbine in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Digital Turbine currently has a consensus rating of “Moderate Buy” and an average price target of $7.75.

Digital Turbine Stock Performance

The stock’s 50 day moving average price is $5.00 and its 200 day moving average price is $5.20. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $502.38 million, a P/E ratio of -8.73, a price-to-earnings-growth ratio of 0.48 and a beta of 2.26.

Digital Turbine (NASDAQ:APPS) last announced its earnings results on Tuesday, February 3rd. The software maker reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $151.40 million during the quarter, compared to the consensus estimate of $145.72 million. Digital Turbine had a negative net margin of 8.93% and a positive return on equity of 21.26%. As a group, equities analysts expect that Digital Turbine, Inc. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Digital Turbine

Several institutional investors and hedge funds have recently made changes to their positions in the business. Versor Investments LP acquired a new stake in Digital Turbine in the second quarter worth $333,000. XTX Topco Ltd boosted its position in shares of Digital Turbine by 91.7% during the 2nd quarter. XTX Topco Ltd now owns 203,936 shares of the software maker’s stock worth $1,203,000 after purchasing an additional 97,567 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Digital Turbine by 179.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,163,124 shares of the software maker’s stock worth $18,662,000 after purchasing an additional 2,033,216 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Digital Turbine in the 2nd quarter valued at about $594,000. Finally, Acadian Asset Management LLC increased its position in Digital Turbine by 107.2% in the 2nd quarter. Acadian Asset Management LLC now owns 379,944 shares of the software maker’s stock valued at $2,241,000 after buying an additional 196,535 shares in the last quarter. Institutional investors own 63.66% of the company’s stock.

Digital Turbine Company Profile

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.