Digital Turbine, Inc. (NASDAQ:APPS) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $1.43.

A number of equities research analysts recently issued reports on APPS shares. B. Riley reaffirmed a “buy” rating and issued a $1.15 target price on shares of Digital Turbine in a research note on Monday, June 12th. Ladenburg Thalmann Financial Services boosted their price target on Digital Turbine from $1.25 to $2.00 and gave the company a “buy” rating in a report on Friday, June 16th. 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 report on Wednesday, June 28th. ValuEngine downgraded Digital Turbine from a “sell” rating to a “strong sell” rating in a report on Thursday, July 20th. Finally, Roth Capital set a $1.00 price target on Digital Turbine and gave the company a “buy” rating in a report on Friday, July 28th.

Shares of Digital Turbine (APPS) opened at 1.30 on Friday. The firm’s market cap is $86.59 million. Digital Turbine has a 12-month low of $0.56 and a 12-month high of $1.41. The company has a 50 day moving average price of $1.14 and a 200 day moving average price of $1.04.

Digital Turbine (NASDAQ:APPS) last posted its earnings results on Monday, August 7th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Digital Turbine had a negative return on equity of 31.91% and a negative net margin of 22.54%. The firm had revenue of $26.10 million for the quarter, compared to analyst estimates of $24.46 million. During the same quarter in the prior year, the company earned ($0.11) EPS. On average, analysts forecast that Digital Turbine will post ($0.11) earnings per share for the current fiscal year.

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In other news, CEO William Gordon Stone III acquired 126,400 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $1.12 per share, for a total transaction of $141,568.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Trellus Management Company LLC increased its holdings in Digital Turbine by 16.2% in the 2nd quarter. Trellus Management Company LLC now owns 600,000 shares of the software maker’s stock valued at $618,000 after purchasing an additional 83,675 shares in the last quarter. White Pine Capital LLC increased its holdings in Digital Turbine by 23.2% in the 2nd quarter. White Pine Capital LLC now owns 725,375 shares of the software maker’s stock valued at $747,000 after purchasing an additional 136,800 shares in the last quarter. Weiss Multi Strategy Advisers LLC acquired a new stake in Digital Turbine in the 1st quarter valued at $188,000. Carleon Capital Partners LLC acquired a new stake in Digital Turbine in the 2nd quarter valued at $2,673,000. Finally, Unterberg Capital LLC acquired a new stake in Digital Turbine in the 2nd quarter valued at $412,000. Hedge funds and other institutional investors own 19.20% 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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