Digital Turbine (APPS) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Digital Turbine (NASDAQ:APPS) from a sell rating to a hold rating in a report published on Tuesday.

Several other research firms have also recently weighed in on APPS. Zacks Investment Research cut Digital Turbine from a hold rating to a sell rating in a research report on Monday, February 12th. B. Riley reissued a buy rating and issued a $2.00 price objective (up previously from $1.40) on shares of Digital Turbine in a research report on Wednesday, November 8th. Finally, Roth Capital reissued a buy rating on shares of Digital Turbine in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $1.91.

Shares of Digital Turbine (NASDAQ APPS) opened at $2.43 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84. Digital Turbine has a 12-month low of $0.70 and a 12-month high of $2.51. The firm has a market capitalization of $180.34, a PE ratio of -7.84 and a beta of 1.52.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). Digital Turbine had a negative return on equity of 22.65% and a negative net margin of 18.66%. The business had revenue of $38.03 million during the quarter, compared to analysts’ expectations of $31.09 million. equities analysts anticipate that Digital Turbine will post -0.22 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of APPS. Unterberg Capital LLC lifted its position in shares of Digital Turbine by 237.5% during the 3rd quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock valued at $2,039,000 after buying an additional 950,000 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Digital Turbine during the 3rd quarter valued at $665,000. EAM Investors LLC purchased a new position in shares of Digital Turbine during the 3rd quarter valued at $465,000. Granahan Investment Management Inc. MA purchased a new position in shares of Digital Turbine during the 3rd quarter valued at $350,000. Finally, Millennium Management LLC lifted its position in shares of Digital Turbine by 178.3% during the 4th quarter. Millennium Management LLC now owns 311,196 shares of the software maker’s stock valued at $557,000 after buying an additional 199,392 shares during the last quarter. 19.85% of the stock is currently owned by hedge funds and other institutional investors.

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Digital Turbine Company Profile

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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