Shares of Digital Turbine, Inc. (NASDAQ:APPS) have been assigned an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $1.63.

A number of analysts have commented on APPS shares. ValuEngine upgraded Digital Turbine from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Digital Turbine from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. B. Riley restated a “buy” rating and issued a $2.00 price target (up previously from $1.40) on shares of Digital Turbine in a research report on Wednesday, November 8th. Finally, 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.

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In other Digital Turbine news, CEO William Gordon Stone III bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $1.56 per share, for a total transaction of $78,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in APPS. Unterberg Capital LLC grew its position in shares of Digital Turbine by 237.5% during the third quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock worth $2,039,000 after purchasing an additional 950,000 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Digital Turbine during the third quarter worth about $665,000. EAM Investors LLC purchased a new stake in shares of Digital Turbine during the third quarter worth about $465,000. Granahan Investment Management Inc. MA purchased a new stake in shares of Digital Turbine during the third quarter worth about $350,000. Finally, Carleon Capital Partners LLC purchased a new position in Digital Turbine during the 2nd quarter valued at approximately $2,673,000. Hedge funds and other institutional investors own 16.81% of the company’s stock.

Shares of Digital Turbine (NASDAQ:APPS) opened at $1.76 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.19. Digital Turbine has a 1 year low of $0.59 and a 1 year high of $1.90.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $27.90 million during the quarter, compared to analysts’ expectations of $26.96 million. Digital Turbine had a negative return on equity of 23.85% and a negative net margin of 20.41%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) earnings per share. research analysts anticipate that Digital Turbine will post -0.15 EPS for the current fiscal year.

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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