Digital Turbine Inc. (NASDAQ:APPS) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other analysts also recently commented on the company. Ladenburg Thalmann upgraded Digital Turbine from a “neutral” rating to a “buy” rating and increased their target price for the company from $1.26 to $2.35 in a research note on Wednesday, August 31st. Roth Capital downgraded Digital Turbine from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th. Leerink Swann downgraded Digital Turbine from a “buy” rating to a “neutral” rating and set a $1.15 target price on the stock. in a research note on Tuesday, June 14th. Zacks Investment Research upgraded Digital Turbine from a “sell” rating to a “hold” rating and set a $1.25 target price on the stock in a research note on Tuesday, June 14th. Finally, B. Riley reiterated a “buy” rating and set a $1.70 target price on shares of Digital Turbine in a research note on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $2.83.

Analyst Recommendations for Digital Turbine (NASDAQ:APPS)

Shares of Digital Turbine (NASDAQ:APPS) traded down 6.00% during trading on Tuesday, hitting $0.94. The stock had a trading volume of 265,579 shares. Digital Turbine has a 1-year low of $0.73 and a 1-year high of $1.80. The stock’s 50-day moving average price is $1.19 and its 200 day moving average price is $1.07. The firm’s market capitalization is $62.64 million.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Tuesday, August 9th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.03. Digital Turbine had a negative net margin of 29.61% and a negative return on equity of 30.82%. The business had revenue of $24.04 million for the quarter, compared to analysts’ expectations of $23.82 million. During the same quarter in the prior year, the business posted ($0.22) earnings per share. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, analysts anticipate that Digital Turbine will post ($0.29) earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in APPS. State Street Corp boosted its position in shares of Digital Turbine by 29.2% in the first quarter. State Street Corp now owns 506,334 shares of the company’s stock worth $605,000 after buying an additional 114,424 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Digital Turbine by 7.4% in the first quarter. Geode Capital Management LLC now owns 257,594 shares of the company’s stock worth $306,000 after buying an additional 17,789 shares in the last quarter. Keane Capital Partners LLC bought a new position in shares of Digital Turbine during the first quarter worth approximately $1,088,000. Trellus Management Company LLC boosted its position in shares of Digital Turbine by 3.5% in the second quarter. Trellus Management Company LLC now owns 470,100 shares of the company’s stock worth $503,000 after buying an additional 16,000 shares in the last quarter. Finally, Equitec Proprietary Markets LLC boosted its position in shares of Digital Turbine by 3.5% in the second quarter. Equitec Proprietary Markets LLC now owns 1,606,872 shares of the company’s stock worth $1,719,000 after buying an additional 53,972 shares in the last quarter. 18.88% of the stock is currently owned by institutional investors.

About Digital Turbine

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.

5 Day Chart for NASDAQ:APPS

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