Digital Turbine (NASDAQ:APPS) Rating Lowered to “Sell” at StockNews.com

Digital Turbine (NASDAQ:APPS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

Digital Turbine Trading Down 3.6 %

Shares of NASDAQ APPS opened at $3.52 on Monday. Digital Turbine has a 12-month low of $1.18 and a 12-month high of $6.86. The company has a market cap of $369.62 million, a price-to-earnings ratio of -1.16 and a beta of 2.43. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.50. The stock’s 50 day simple moving average is $3.49 and its 200 day simple moving average is $2.71.

Digital Turbine (NASDAQ:APPS) last posted its earnings results 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%. Equities research analysts expect that Digital Turbine will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Digital Turbine

A number of hedge funds have recently made changes to their positions in APPS. SBI Securities Co. Ltd. acquired a new stake in Digital Turbine in the 4th quarter valued at approximately $28,000. Plancorp LLC bought a new position in shares of Digital Turbine in the fourth quarter worth $35,000. Cetera Investment Advisers increased its holdings in shares of Digital Turbine by 94.3% during the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker’s stock valued at $46,000 after purchasing an additional 13,317 shares during the period. ProShare Advisors LLC increased its holdings in shares of 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 period. Finally, Lazard Asset Management LLC bought a new stake in shares of Digital Turbine during the fourth quarter valued at about $54,000. 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.