Digital Turbine, Inc. (NASDAQ:APPS) posted its quarterly earnings data on Monday. The software maker reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04, Morningstar.com reports. Digital Turbine had a negative net margin of 26.59% and a negative return on equity of 38.00%. The company had revenue of $26.10 million during the quarter, compared to analyst estimates of $24.46 million. During the same quarter last year, the firm posted ($0.11) EPS.

Digital Turbine (NASDAQ:APPS) traded up 3.3455% during trading on Tuesday, hitting $1.1368. 76,697 shares of the stock traded hands. Digital Turbine has a 52 week low of $0.56 and a 52 week high of $1.56. The firm’s 50-day moving average is $1.06 and its 200 day moving average is $0.96. The stock’s market cap is $75.71 million.

Hedge funds have recently made changes to their positions in the company. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Digital Turbine during the first quarter worth approximately $188,000. Trellus Management Company LLC raised its stake 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 during the last quarter. Carleon Capital Partners LLC purchased a new stake in shares of Digital Turbine during the second quarter worth approximately $2,673,000. Finally, Perkins Capital Management Inc. raised its stake 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 during the last quarter. Hedge funds and other institutional investors own 17.18% of the company’s stock.

Several research firms have recently weighed in on APPS. Zacks Investment Research upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research report on Wednesday, June 28th. B. Riley restated a “buy” rating and set a $1.40 price objective on shares of Digital Turbine in a research report on Sunday, June 18th. Craig Hallum upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating and raised their price objective for the company from $1.10 to $1.50 in a research report on Tuesday, April 25th. Roth Capital set a $1.00 price objective on shares of Digital Turbine and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, ValuEngine lowered shares of Digital Turbine from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Digital Turbine currently has an average rating of “Buy” and an average price target of $1.43.

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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.

Earnings History for Digital Turbine (NASDAQ:APPS)

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