Wall Street brokerages forecast that Digital Turbine Inc (NASDAQ:APPS) will post earnings of ($0.09) per share for the current quarter, Zacks reports. Three analysts have made estimates for Digital Turbine’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.08). Digital Turbine also reported earnings of ($0.09) per share in the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Monday, June 12th.

According to Zacks, analysts expect that Digital Turbine will report full-year earnings of ($0.35) per share for the current financial year, with EPS estimates ranging from ($0.35) to ($0.34). For the next year, analysts forecast that the firm will report earnings of ($0.17) per share, with EPS estimates ranging from ($0.21) to ($0.11). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Digital Turbine.

APPS has been the subject of several analyst reports. B. Riley reissued a “buy” rating and set a $1.15 price target on shares of Digital Turbine in a report on Tuesday, February 14th. Zacks Investment Research raised shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Monday, February 13th. Craig Hallum raised shares of Digital Turbine from a “hold” rating to a “buy” rating and lifted their price target for the company from $1.10 to $1.50 in a report on Tuesday, April 25th. Finally, Roth Capital raised shares of Digital Turbine from a “neutral” rating to a “buy” rating in a report on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Digital Turbine currently has a consensus rating of “Buy” and an average target price of $1.48.

Shares of Digital Turbine (NASDAQ:APPS) opened at 1.17 on Friday. The firm has a 50 day moving average of $1.08 and a 200 day moving average of $0.85. Digital Turbine has a 52 week low of $0.56 and a 52 week high of $1.55. The firm’s market cap is $77.96 million.

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In related news, CEO William Gordon Stone III bought 101,000 shares of the company’s stock in a transaction on Friday, March 10th. The stock was bought at an average cost of $0.88 per share, with a total value of $88,880.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Weiss Multi Strategy Advisers LLC bought a new position in shares of Digital Turbine during the first quarter worth $188,000. Geode Capital Management LLC increased its position in shares of Digital Turbine by 0.6% in the first quarter. Geode Capital Management LLC now owns 247,200 shares of the software maker’s stock worth $232,000 after buying an additional 1,374 shares in the last quarter. Trellus Management Company LLC increased its position in shares of Digital Turbine by 5.2% in the first quarter. Trellus Management Company LLC now owns 516,325 shares of the software maker’s stock worth $485,000 after buying an additional 25,740 shares in the last quarter. Perkins Capital Management Inc. increased its position in shares of Digital Turbine by 1.2% in the first quarter. Perkins Capital Management Inc. now owns 898,080 shares of the software maker’s stock worth $844,000 after buying an additional 11,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Digital Turbine by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,340,701 shares of the software maker’s stock worth $1,261,000 after buying an additional 21,692 shares in the last quarter. 19.67% of the stock is 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.

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