Analysts Set Digital Turbine, Inc. (NASDAQ:APPS) PT at $7.50

Digital Turbine, Inc. (NASDAQ:APPS) has been given a consensus rating of “Hold” by the four brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $7.50.

A number of research analysts have issued reports on APPS shares. StockNews.com upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a research report on Saturday. Craig Hallum cut their target price on shares of Digital Turbine from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Roth Mkm cut their target price on shares of Digital Turbine from $5.50 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday, February 8th.

Institutional Trading of Digital Turbine

A number of hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in shares of Digital Turbine by 1.8% in the 1st quarter. Advisors Asset Management Inc. now owns 27,375 shares of the software maker’s stock valued at $1,199,000 after acquiring an additional 495 shares during the period. Yousif Capital Management LLC increased its stake in Digital Turbine by 1.4% during the 1st quarter. Yousif Capital Management LLC now owns 46,436 shares of the software maker’s stock worth $2,034,000 after purchasing an additional 630 shares in the last quarter. Royal Bank of Canada increased its stake in Digital Turbine by 1.2% during the 3rd quarter. Royal Bank of Canada now owns 56,945 shares of the software maker’s stock worth $820,000 after purchasing an additional 674 shares in the last quarter. Cetera Investment Advisers increased its stake in Digital Turbine by 5.5% during the 1st quarter. Cetera Investment Advisers now owns 13,123 shares of the software maker’s stock worth $575,000 after purchasing an additional 687 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Digital Turbine by 0.6% during the 3rd quarter. Alliancebernstein L.P. now owns 142,121 shares of the software maker’s stock worth $2,048,000 after purchasing an additional 846 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Digital Turbine Price Performance

Shares of NASDAQ APPS opened at $1.87 on Tuesday. The firm’s 50-day simple moving average is $2.99 and its 200 day simple moving average is $4.72. The company has a market cap of $190.78 million, a price-to-earnings ratio of -0.95, a price-to-earnings-growth ratio of 4.60 and a beta of 2.49. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.84. Digital Turbine has a 12-month low of $1.78 and a 12-month high of $14.61.

Digital Turbine (NASDAQ:APPS) last released its earnings results on Wednesday, February 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Digital Turbine had a negative net margin of 34.53% and a positive return on equity of 4.48%. The business had revenue of $142.63 million for the quarter, compared to analyst estimates of $146.45 million. On average, research analysts expect that Digital Turbine will post 0.16 earnings per share for the current fiscal year.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.