Digital Turbine (NASDAQ:APPS) Trading Down 7.1% – Should You Sell?

Shares of Digital Turbine, Inc. (NASDAQ:APPS) were down 7.1% on Monday . The company traded as low as $11.86 and last traded at $11.8060. 3,021,693 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 4,230,423 shares. The stock had previously closed at $12.71.

Analyst Ratings Changes

Several equities research analysts have recently commented on APPS shares. Wall Street Zen raised shares of Digital Turbine from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Wednesday, May 27th. Zacks Research raised shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. Finally, Weiss Ratings downgraded shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Digital Turbine Trading Up 0.3%

The company has a debt-to-equity ratio of 1.84, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $1.26 billion, a P/E ratio of -28.93, a price-to-earnings-growth ratio of 0.87 and a beta of 2.75. The stock’s 50-day simple moving average is $7.61 and its two-hundred day simple moving average is $5.41.

Digital Turbine (NASDAQ:APPS) last released its earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.07. Digital Turbine had a positive return on equity of 27.60% and a negative net margin of 6.68%.The firm had revenue of $142.55 million during the quarter, compared to analysts’ expectations of $133.22 million. Equities research analysts expect that Digital Turbine, Inc. will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Digital Turbine

Large investors have recently added to or reduced their stakes in the stock. Quarry LP raised its stake in shares of Digital Turbine by 1,323.4% during the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after acquiring an additional 5,201 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Digital Turbine during the 4th quarter worth about $44,000. Essential Partners LLC increased its position in Digital Turbine by 167.3% during the 1st 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 period. Smartleaf Asset Management LLC bought a new stake in shares of Digital Turbine in the 2nd quarter valued at about $57,000. Finally, PFG Investments LLC bought a new stake in shares of Digital Turbine in the 4th quarter valued at about $50,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

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.