Digital Turbine (NASDAQ:APPS) Lowered to Neutral at Roth Mkm

Roth Mkm lowered shares of Digital Turbine (NASDAQ:APPS – Get Rating) from a buy rating to a neutral rating in a research report report published on Thursday, Marketbeat Ratings reports. They currently have $10.00 price target on the software maker’s stock, down from their prior price target of $15.00.

Other research analysts have also issued research reports about the company. Oppenheimer lowered Digital Turbine from an outperform rating to a market perform rating in a report on Thursday, February 9th. B. Riley cut their price objective on shares of Digital Turbine from $12.00 to $9.00 and set a neutral rating on the stock in a report on Monday, March 13th. Craig Hallum reduced their target price on shares of Digital Turbine from $30.00 to $25.00 and set a buy rating for the company in a research note on Thursday, February 9th. StockNews.com assumed coverage on shares of Digital Turbine in a research report on Thursday, May 18th. They set a sell rating on the stock. Finally, Macquarie downgraded shares of Digital Turbine from an outperform rating to a neutral rating and set a $12.00 price objective for the company. in a research report on Friday, February 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $14.71.

Digital Turbine Price Performance

Shares of NASDAQ APPS opened at $8.23 on Thursday. The stock has a market cap of $816.42 million, a price-to-earnings ratio of 51.44, a PEG ratio of 1.54 and a beta of 2.47. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.18 and a current ratio of 1.18. Digital Turbine has a fifty-two week low of $8.10 and a fifty-two week high of $27.03. The firm’s 50-day simple moving average is $12.09 and its 200 day simple moving average is $13.90.

Insider Transactions at Digital Turbine

In related news, Director Robert M. Deutschman bought 15,000 shares of the company’s stock in a transaction on Monday, March 13th. The stock was acquired at an average cost of $9.80 per share, for a total transaction of $147,000.00. Following the completion of the transaction, the director now directly owns 289,017 shares in the company, valued at approximately $2,832,366.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO William Gordon Stone III sold 35,000 shares of Digital Turbine stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $10.54, for a total transaction of $368,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,647,789 shares of the company’s stock, valued at approximately $17,367,696.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert M. Deutschman bought 15,000 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of $9.80 per share, for a total transaction of $147,000.00. Following the completion of the purchase, the director now owns 289,017 shares of the company’s stock, valued at approximately $2,832,366.60. The disclosure for this purchase can be found here. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Digital Turbine

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Trellus Management Company LLC raised its stake in shares of Digital Turbine by 35.7% in the fourth quarter. Trellus Management Company LLC now owns 38,000 shares of the software maker’s stock worth $579,000 after buying an additional 10,000 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Digital Turbine by 99.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,624 shares of the software maker’s stock worth $345,000 after purchasing an additional 11,280 shares during the last quarter. Anderson Hoagland & Co. boosted its position in Digital Turbine by 79.3% in the 4th quarter. Anderson Hoagland & Co. now owns 131,739 shares of the software maker’s stock valued at $1,946,000 after buying an additional 58,252 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of Digital Turbine in the fourth quarter valued at approximately $2,783,000. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Digital Turbine by 19.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 134,915 shares of the software maker’s stock worth $2,056,000 after buying an additional 21,650 shares in the last quarter. Institutional investors own 62.45% of the company’s stock.

About Digital Turbine

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Digital Turbine, Inc engages in the innovation of media and mobile communications which help to deliver an end-to-end platform solution for mobile operators, application developers, device original equipment manufacturers (OEM), and other third parties. It operates through the Following Segments: On Device Media (ODM), In App Media-AdColony (IAM-A) and In App Media-Fyber (IAM-F).