Digital Turbine (NASDAQ:APPS) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Digital Turbine (NASDAQ:APPS) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

Digital Turbine Price Performance

NASDAQ APPS opened at $3.65 on Monday. Digital Turbine has a 1 year low of $1.18 and a 1 year high of $6.86. The business’s fifty day moving average is $3.49 and its two-hundred day moving average is $2.71. The stock has a market capitalization of $383.28 million, a P/E ratio of -1.20 and a beta of 2.43. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.06 and a current ratio of 1.06.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Wednesday, February 5th. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.08). Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. On average, research analysts forecast that Digital Turbine will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in APPS. SBI Securities Co. Ltd. purchased a new stake in shares of Digital Turbine in the 4th quarter valued at approximately $28,000. Plancorp LLC acquired a new stake in Digital Turbine during the 4th quarter valued at $35,000. ProShare Advisors LLC lifted its holdings in shares of Digital Turbine by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker’s stock valued at $46,000 after purchasing an additional 8,892 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Digital Turbine in the third quarter worth $84,000. Finally, Cetera Investment Advisers grew its holdings in shares of Digital Turbine by 94.3% during the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker’s stock valued at $46,000 after buying an additional 13,317 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

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.