Digital Turbine (NASDAQ:APPS - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Monday.
Digital Turbine Stock Down 8.6 %
Shares of NASDAQ APPS traded down $0.27 during midday trading on Monday, reaching $2.83. 1,859,418 shares of the company's stock were exchanged, compared to its average volume of 4,116,948. The stock has a market capitalization of $296.64 million, a PE ratio of -0.94 and a beta of 2.43. Digital Turbine has a 52-week low of $1.18 and a 52-week 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 business's fifty day moving average price is $3.57 and its two-hundred day moving average price is $2.72.
Digital Turbine (NASDAQ:APPS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.05 EPS for the quarter, missing the consensus estimate 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%. Analysts forecast that Digital Turbine will post -0.03 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of APPS. SBI Securities Co. Ltd. bought a new position in Digital Turbine in the 4th quarter worth approximately $28,000. Plancorp LLC bought a new stake in shares of Digital Turbine in the 4th quarter worth approximately $35,000. ProShare Advisors LLC lifted its stake in Digital Turbine by 49.0% during 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 during the last quarter. Intech Investment Management LLC bought a new stake in Digital Turbine during the third quarter worth approximately $84,000. Finally, Cetera Investment Advisers increased its holdings in shares of Digital Turbine by 94.3% in 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 owned by institutional investors and hedge funds.
Digital Turbine Company Profile
(
Get Free Report)
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.
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