Digital Turbine, Inc. (APPS) Receives Consensus Rating of “Buy” from Analysts
Shares of Digital Turbine, Inc. (NASDAQ:APPS) have been given a consensus rating of “Buy” by the six research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $1.48.
Several research firms recently weighed in on APPS. Zacks Investment Research downgraded shares of Digital Turbine from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. B. Riley reaffirmed a “buy” rating and issued a $1.40 price objective on shares of Digital Turbine in a report on Tuesday, August 8th. ValuEngine raised shares of Digital Turbine from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Roth Capital set a $1.00 price objective on shares of Digital Turbine and gave the stock a “buy” rating in a report on Friday, July 28th.
Shares of Digital Turbine (APPS) opened at 1.58 on Friday. The firm’s market cap is $105.24 million. The stock has a 50 day moving average of $1.44 and a 200 day moving average of $1.18. Digital Turbine has a 1-year low of $0.56 and a 1-year high of $1.64.
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 consensus estimate of ($0.06) by $0.04. The business had revenue of $26.10 million during the quarter, compared to analyst estimates of $24.46 million. Digital Turbine had a negative net margin of 22.54% and a negative return on equity of 31.91%. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. Equities research analysts anticipate that Digital Turbine will post ($0.11) earnings per share for the current fiscal year.
In related news, CEO William Gordon Stone III acquired 126,400 shares of Digital Turbine stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $1.12 per share, with a total value of $141,568.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of APPS. Unterberg Capital LLC acquired a new stake in Digital Turbine in the 2nd quarter valued at about $412,000. Trellus Management Company LLC lifted 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 acquiring an additional 83,675 shares during the last quarter. White Pine Capital LLC lifted 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 acquiring an additional 136,800 shares during the last quarter. P.A.W. Capital Corp lifted its holdings in Digital Turbine by 5.0% in the 3rd quarter. P.A.W. Capital Corp now owns 840,000 shares of the software maker’s stock valued at $1,268,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Carleon Capital Partners LLC acquired a new stake in Digital Turbine in the 2nd quarter valued at about $2,673,000. 19.20% of the stock is owned by institutional investors.
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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.
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