Digital Turbine (NASDAQ:APPS)‘s stock had its “buy” rating reiterated by stock analysts at Roth Capital in a note issued to investors on Monday.

Several other equities research analysts have also recently weighed in on APPS. B. Riley restated a “buy” rating and issued a $1.40 price target on shares of Digital Turbine in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Digital Turbine from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, ValuEngine upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1.55.

Shares of Digital Turbine (APPS) traded down $0.02 on Monday, reaching $1.60. 140,083 shares of the company traded hands, compared to its average volume of 293,688. Digital Turbine has a 12 month low of $0.59 and a 12 month high of $1.92. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.19.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Digital Turbine had a negative net margin of 20.41% and a negative return on equity of 23.85%. The company had revenue of $27.90 million for the quarter, compared to analysts’ expectations of $26.96 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Digital Turbine’s quarterly revenue was up 22.4% on a year-over-year basis. analysts anticipate that Digital Turbine will post -0.17 EPS for the current year.

In other news, CEO William Gordon Stone III acquired 50,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $1.56 per share, with a total value of $78,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Unterberg Capital LLC boosted its stake in 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 buying an additional 950,000 shares during the period. Perkins Capital Management Inc. boosted its stake in Digital Turbine by 5.5% during the third quarter. Perkins Capital Management Inc. now owns 911,080 shares of the software maker’s stock worth $1,376,000 after buying an additional 47,500 shares during the period. P.A.W. Capital Corp boosted its stake in Digital Turbine by 5.0% during the third quarter. P.A.W. Capital Corp now owns 840,000 shares of the software maker’s stock worth $1,268,000 after buying an additional 40,000 shares during the period. White Pine Capital LLC boosted its stake in shares of Digital Turbine by 23.2% during the second 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 during the period. Finally, Trellus Management Company LLC boosted its stake in shares of Digital Turbine by 16.8% during the third quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock valued at $1,058,000 after purchasing an additional 100,689 shares during the period. 20.98% 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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