Equities research analysts forecast that Digital Turbine, Inc. (NASDAQ:APPS) will announce ($0.06) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Digital Turbine’s earnings, with estimates ranging from ($0.06) to ($0.05). Digital Turbine reported earnings of ($0.11) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 45.5%. The company is expected to report its next earnings results on Tuesday, August 8th.

According to Zacks, analysts expect that Digital Turbine will report full-year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.17) to ($0.11). Zacks’ EPS averages are an average based on a survey of analysts that follow Digital Turbine.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Wednesday, June 14th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $22.40 million during the quarter, compared to the consensus estimate of $21.40 million. Digital Turbine had a negative return on equity of 38.00% and a negative net margin of 26.59%. Digital Turbine’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the business earned ($0.09) EPS.

Several research analysts recently commented on APPS shares. Zacks Investment Research downgraded shares of Digital Turbine from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Craig Hallum raised shares of Digital Turbine from a “hold” rating to a “buy” rating and raised their price target for the stock from $1.10 to $1.50 in a research note on Tuesday, April 25th. Roth Capital raised shares of Digital Turbine from a “neutral” rating to a “buy” rating in a research note on Thursday, March 30th. Ladenburg Thalmann Financial Services raised their price target on shares of Digital Turbine from $1.25 to $2.00 and gave the stock a “buy” rating in a research note on Friday, June 16th. Finally, B. Riley reaffirmed a “buy” rating and issued a $1.40 price target on shares of Digital Turbine in a research note on Sunday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Digital Turbine presently has an average rating of “Buy” and a consensus price target of $1.63.

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Shares of Digital Turbine (NASDAQ APPS) opened at 1.03 on Wednesday. The company’s market cap is $68.60 million. The stock’s 50 day moving average is $1.11 and its 200-day moving average is $0.88. Digital Turbine has a 52 week low of $0.56 and a 52 week high of $1.55.

A number of hedge funds and other institutional investors have recently bought and sold shares of APPS. Weiss Multi Strategy Advisers LLC bought a new position in Digital Turbine during the first quarter valued at approximately $188,000. Trellus Management Company LLC increased its position in Digital Turbine by 5.2% in the first quarter. Trellus Management Company LLC now owns 516,325 shares of the software maker’s stock valued at $485,000 after buying an additional 25,740 shares in the last quarter. Vanguard Group Inc. increased its position in Digital Turbine by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,340,701 shares of the software maker’s stock valued at $1,261,000 after buying an additional 21,692 shares in the last quarter. Perkins Capital Management Inc. increased its position in Digital Turbine by 1.2% in the first quarter. Perkins Capital Management Inc. now owns 898,080 shares of the software maker’s stock valued at $844,000 after buying an additional 11,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Digital Turbine by 0.6% in the first quarter. Geode Capital Management LLC now owns 247,200 shares of the software maker’s stock valued at $232,000 after buying an additional 1,374 shares in the last quarter. 17.75% 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.

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