Digital Turbine (NASDAQ:APPS) Trading Down 9.1% – Should You Sell?

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

Analysts Set New Price Targets

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

Digital Turbine Trading Down 7.8%

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.80. The company’s fifty day moving average price is $5.05 and its two-hundred day moving average price is $5.22. The firm has a market cap of $516.17 million, a PE ratio of -8.97, a P/E/G ratio of 0.51 and a beta of 2.26.

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

Hedge Funds Weigh In On Digital Turbine

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

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.