Digital Turbine (NASDAQ:APPS – Free Report) had its price target decreased by Roth Mkm from $5.50 to $4.50 in a research note released on Thursday morning, Benzinga reports. Roth Mkm currently has a neutral rating on the software maker’s stock.
Other analysts have also issued reports about the stock. StockNews.com lowered shares of Digital Turbine from a hold rating to a sell rating in a research report on Thursday, February 1st. Craig Hallum decreased their target price on shares of Digital Turbine from $12.00 to $10.00 and set a buy rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Digital Turbine presently has an average rating of Hold and a consensus price target of $8.70.
Digital Turbine Stock Performance
Digital Turbine (NASDAQ:APPS – Get Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $143.26 million during the quarter, compared to analyst estimates of $146.00 million. Digital Turbine had a positive return on equity of 4.48% and a negative net margin of 34.53%. Equities research analysts forecast that Digital Turbine will post 0.25 EPS for the current year.
Hedge Funds Weigh In On Digital Turbine
Several institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in Digital Turbine by 1.8% during the 1st quarter. Advisors Asset Management Inc. now owns 27,375 shares of the software maker’s stock valued at $1,199,000 after purchasing an additional 495 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in Digital Turbine by 1.4% during the 1st quarter. Yousif Capital Management LLC now owns 46,436 shares of the software maker’s stock valued at $2,034,000 after purchasing an additional 630 shares during the last quarter. Royal Bank of Canada lifted its holdings in Digital Turbine by 1.2% during the 3rd quarter. Royal Bank of Canada now owns 56,945 shares of the software maker’s stock valued at $820,000 after purchasing an additional 674 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Digital Turbine by 5.5% during the 1st quarter. Cetera Investment Advisers now owns 13,123 shares of the software maker’s stock valued at $575,000 after purchasing an additional 687 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Digital Turbine by 0.6% during the 3rd quarter. Alliancebernstein L.P. now owns 142,121 shares of the software maker’s stock valued at $2,048,000 after purchasing an additional 846 shares during the last quarter. 64.64% of the stock is owned by institutional investors.
About Digital Turbine
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.
- Five stocks we like better than Digital Turbine
- Insider Selling Explained: Can it Inform Your Investing Choices?
- MarketBeat Week in Review – 2/5 – 2/9
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Cloudflare results spark analysts reset: 25% upside ahead
- The How and Why of Investing in Gold Stocks
- Beyond Nvidia: The hidden stars with 200% earnings growth
Receive News & Ratings for Digital Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Turbine and related companies with MarketBeat.com's FREE daily email newsletter.