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

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

Digital Turbine Stock Down 6.8 %

Shares of NASDAQ:APPS opened at $3.28 on Monday. Digital Turbine has a 52-week low of $1.18 and a 52-week high of $6.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.50. The business has a fifty day moving average of $3.52 and a two-hundred day moving average of $2.72. The stock has a market cap of $344.42 million, a P/E ratio of -1.08 and a beta of 2.43.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data 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 negative net margin of 64.06% and a positive return on equity of 3.41%. On average, research analysts expect that Digital Turbine will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On Digital Turbine

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APPS. Two Sigma Advisers LP boosted its stake in Digital Turbine by 0.4% during the fourth quarter. Two Sigma Advisers LP now owns 1,641,974 shares of the software maker’s stock worth $2,775,000 after buying an additional 7,100 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Digital Turbine by 19.1% in the 4th quarter. Two Sigma Investments LP now owns 2,105,953 shares of the software maker’s stock worth $3,559,000 after acquiring an additional 337,959 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Digital Turbine by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker’s stock worth $46,000 after acquiring an additional 8,892 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Digital Turbine by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,090 shares of the software maker’s stock worth $93,000 after purchasing an additional 2,356 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Digital Turbine in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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.