Digital Turbine (NASDAQ:APPS) Trading Down 8.9% – Should You Sell?

Digital Turbine, Inc. (NASDAQ:APPS) shares fell 8.9% during trading on Tuesday . The stock traded as low as $5.70 and last traded at $5.64. 2,220,201 shares were traded during trading, a decline of 75% from the average session volume of 8,859,835 shares. The stock had previously closed at $6.19.

Analyst Ratings Changes

APPS has been the subject of several recent research reports. Macquarie decreased their price target on Digital Turbine from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Bank of America lowered shares of Digital Turbine from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $3.50 to $1.00 in a research note on Friday, November 15th. Finally, Craig Hallum decreased their price objective on shares of Digital Turbine from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.38.

Digital Turbine Stock Down 5.3 %

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 company has a market cap of $503.00 million, a P/E ratio of -1.58 and a beta of 2.38. The firm’s 50 day moving average price is $2.76 and its two-hundred day moving average price is $2.69.

Digital Turbine (NASDAQ:APPS) last issued its 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%. Equities research analysts anticipate that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of Digital Turbine by 104.1% during the third quarter. Blue Trust Inc. now owns 8,169 shares of the software maker’s stock valued at $25,000 after acquiring an additional 4,167 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Digital Turbine in the fourth quarter worth $28,000. Plancorp LLC bought a new stake in shares of Digital Turbine in the fourth quarter valued at $35,000. Ballentine Partners LLC purchased a new position in shares of Digital Turbine during the 3rd quarter valued at $43,000. Finally, Cetera Investment Advisers grew its stake in shares of Digital Turbine by 94.3% during the 4th quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker’s stock worth $46,000 after acquiring an additional 13,317 shares during the period. Institutional investors own 63.66% of the company’s stock.

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.