StockNews.com Downgrades Digital Turbine (NASDAQ:APPS) to Sell

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

Digital Turbine Stock Up 3.7 %

Digital Turbine stock opened at $3.65 on Monday. Digital Turbine has a twelve month low of $1.18 and a twelve month high of $6.86. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $383.28 million, a PE ratio of -1.20 and a beta of 2.43. The firm’s 50 day moving average price is $3.49 and its two-hundred day moving average price is $2.71.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.05 earnings per share 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 predict that Digital Turbine will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Digital Turbine

Institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in Digital Turbine in the third quarter worth approximately $84,000. Centiva Capital LP bought a new stake in Digital Turbine in the third quarter worth approximately $262,000. XTX Topco Ltd increased its stake in shares of Digital Turbine by 33.8% during the 3rd quarter. XTX Topco Ltd now owns 169,868 shares of the software maker’s stock worth $521,000 after purchasing an additional 42,954 shares during the last quarter. Barclays PLC raised its holdings in shares of Digital Turbine by 62.5% during the 3rd quarter. Barclays PLC now owns 252,673 shares of the software maker’s stock valued at $776,000 after purchasing an additional 97,196 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Digital Turbine by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,334,648 shares of the software maker’s stock valued at $7,169,000 after purchasing an additional 181,032 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

About Digital Turbine

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.