Digital Turbine (NASDAQ:APPS) Stock Price Down 6.9% – What’s Next?

Digital Turbine, Inc. (NASDAQ:APPS) shares fell 6.9% during mid-day trading on Tuesday . The company traded as low as $13.59 and last traded at $13.3980. Approximately 1,309,392 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 4,180,906 shares. The stock had previously closed at $14.39.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Zacks Research lowered Digital Turbine from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Roth Capital reissued a “buy” rating and set a $17.50 price objective on shares of Digital Turbine in a report on Thursday, August 6th. Benchmark boosted their target price on shares of Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Craig Hallum reiterated a “buy” rating and set a $18.00 target price on shares of Digital Turbine in a research report on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.75.

Digital Turbine Trading Down 4.8%

The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $1.50 billion, a P/E ratio of -47.73, a P/E/G ratio of 0.56 and a beta of 2.81. The company has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $6.32.

Digital Turbine (NASDAQ:APPS) last announced its earnings results on Tuesday, August 4th. The software maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%.The company had revenue of $165.98 million for the quarter, compared to analysts’ expectations of $149.98 million. On average, sell-side analysts forecast that Digital Turbine, Inc. will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Digital Turbine

Institutional investors have recently modified their holdings of the stock. Essential Partners LLC grew its stake in shares of Digital Turbine by 167.3% during the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock valued at $26,000 after purchasing an additional 5,652 shares during the last quarter. Quarry LP raised its position in Digital Turbine by 1,323.4% in the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after purchasing an additional 5,201 shares during the last quarter. Verus Capital Partners LLC acquired a new position in Digital Turbine during the 1st quarter worth $35,000. Strs Ohio acquired a new position in Digital Turbine during the 1st quarter worth $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Digital Turbine in the 4th quarter valued at $44,000. 63.66% of the stock is owned by institutional investors.

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.