Digital Turbine (NASDAQ:APPS) Price Target Lowered to $10.00 at Craig Hallum

Digital Turbine (NASDAQ:APPSGet Free Report) had its price objective reduced by research analysts at Craig Hallum from $12.00 to $10.00 in a research report issued to clients and investors on Thursday, Briefing.com reports. The brokerage currently has a “buy” rating on the software maker’s stock. Craig Hallum’s price target points to a potential upside of 98.41% from the stock’s current price.

Separately, StockNews.com cut Digital Turbine from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.80.

Read Our Latest Report on Digital Turbine

Digital Turbine Trading Down 4.5 %

Shares of NASDAQ:APPS opened at $5.04 on Thursday. Digital Turbine has a 12-month low of $4.10 and a 12-month high of $17.34. The stock has a market cap of $510.60 million, a PE ratio of -2.82, a P/E/G ratio of 3.22 and a beta of 2.69. The business has a 50 day moving average of $6.06 and a 200-day moving average of $6.66. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.86.

Digital Turbine (NASDAQ:APPSGet Free Report) last issued its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $143.26 million for the quarter, compared to analyst estimates of $146.00 million. Digital Turbine had a positive return on equity of 6.82% and a negative net margin of 30.33%. As a group, equities research analysts forecast that Digital Turbine will post 0.25 earnings per share for the current year.

Institutional Trading of Digital Turbine

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ronald Blue Trust Inc. grew its holdings in Digital Turbine by 395.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 4,848 shares of the software maker’s stock worth $29,000 after acquiring an additional 3,869 shares during the period. Lazard Asset Management LLC acquired a new stake in Digital Turbine during the 4th quarter worth about $31,000. PNC Financial Services Group Inc. grew its holdings in Digital Turbine by 90.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,644 shares of the software maker’s stock worth $34,000 after acquiring an additional 1,735 shares during the period. GAMMA Investing LLC acquired a new stake in Digital Turbine during the 4th quarter worth about $43,000. Finally, Quantbot Technologies LP acquired a new stake in Digital Turbine during the 1st quarter worth about $58,000. 64.64% of the stock is currently 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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