Digital Turbine Inc (NASDAQ:APPS) has earned an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $1.43.

Several research analysts recently commented on APPS shares. Craig Hallum upgraded Digital Turbine from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1.10 to $1.50 in a research report on Tuesday, April 25th. Zacks Investment Research upgraded Digital Turbine from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Tuesday, July 4th. Ladenburg Thalmann Financial Services lifted their price target on Digital Turbine from $1.25 to $2.00 and gave the stock a “buy” rating in a research report on Friday, June 16th. Roth Capital set a $1.00 price target on Digital Turbine and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, ValuEngine lowered Digital Turbine from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 20th.

Shares of Digital Turbine (NASDAQ:APPS) opened at 1.09 on Monday. Digital Turbine has a one year low of $0.56 and a one year high of $1.55. The company’s 50-day moving average price is $1.07 and its 200 day moving average price is $0.98. The stock’s market capitalization is $72.60 million.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings results on Monday, August 7th. The software maker reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $26.10 million during the quarter, compared to analyst estimates of $24.46 million. Digital Turbine had a negative return on equity of 27.78% and a negative net margin of 15.98%. During the same quarter last year, the business posted ($0.11) earnings per share. Analysts anticipate that Digital Turbine will post ($0.11) EPS for the current year.

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In other Digital Turbine news, CEO William Gordon Stone III bought 126,400 shares of the company’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $1.12 per share, for a total transaction of $141,568.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Weiss Multi Strategy Advisers LLC acquired a new position in shares of Digital Turbine during the first quarter valued at about $188,000. Carleon Capital Partners LLC acquired a new position in shares of Digital Turbine during the second quarter valued at about $2,673,000. Unterberg Capital LLC acquired a new position in shares of Digital Turbine during the second quarter valued at about $412,000. Trellus Management Company LLC raised 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 valued at $485,000 after buying an additional 25,740 shares during the period. Finally, White Pine Capital LLC raised its position in shares of Digital Turbine by 23.2% in the second quarter. White Pine Capital LLC now owns 725,375 shares of the software maker’s stock valued at $747,000 after buying an additional 136,800 shares during the period. Institutional investors and hedge funds own 17.18% of the company’s stock.

Digital Turbine Company Profile

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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