Digital Turbine, Inc. (NASDAQ:APPS) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Thursday, July 20th.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Digital Turbine from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Wednesday, June 28th. B. Riley reissued a “buy” rating and set a $1.40 price target on shares of Digital Turbine in a research report on Sunday, June 18th. Ladenburg Thalmann Financial Services boosted their price target on Digital Turbine from $1.25 to $2.00 and gave the company a “buy” rating in a research report on Friday, June 16th. Craig Hallum raised Digital Turbine from a “hold” rating to a “buy” rating and boosted their price target for the company from $1.10 to $1.50 in a research report on Tuesday, April 25th. Finally, Roth Capital raised Digital Turbine from a “neutral” rating to a “buy” rating in a research report on Thursday, March 30th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $1.43.
Digital Turbine (NASDAQ APPS) opened at 1.1205 on Thursday. The stock’s market capitalization is $74.63 million. Digital Turbine has a one year low of $0.56 and a one year high of $1.56. The company’s 50-day moving average price is $1.07 and its 200-day moving average price is $0.96.
Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Monday, August 7th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Digital Turbine had a negative return on equity of 30.94% and a negative net margin of 22.54%. The firm had revenue of $26.10 million during the quarter, compared to the consensus estimate of $24.46 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Equities research analysts predict that Digital Turbine will post ($0.16) EPS for the current year.
Several large investors have recently modified their holdings of APPS. Perkins Capital Management Inc. increased its stake in shares of Digital Turbine by 1.2% in the first quarter. Perkins Capital Management Inc. now owns 898,080 shares of the software maker’s stock valued at $844,000 after buying an additional 11,000 shares during the last quarter. Trellus Management Company LLC increased its stake in shares of Digital Turbine by 5.2% in the first quarter. Trellus Management Company LLC now owns 516,325 shares of the software maker’s stock valued at $485,000 after buying an additional 25,740 shares during the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Digital Turbine during the first quarter valued at $188,000. Carleon Capital Partners LLC bought a new stake in shares of Digital Turbine during the second quarter valued at $2,673,000. Finally, Unterberg Capital LLC bought a new stake in shares of Digital Turbine during the second quarter valued at $412,000. 17.18% of the stock is owned by institutional investors.
About Digital Turbine
Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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