Wall Street analysts predict that Digital Turbine Inc (NASDAQ:APPS) will report $31.10 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Digital Turbine’s earnings, with the highest sales estimate coming in at $31.30 million and the lowest estimate coming in at $30.99 million. Digital Turbine posted sales of $22.29 million during the same quarter last year, which would indicate a positive year over year growth rate of 39.5%. The business is expected to announce its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that Digital Turbine will report full-year sales of $31.10 million for the current fiscal year, with estimates ranging from $114.00 million to $114.13 million. For the next fiscal year, analysts expect that the firm will report sales of $135.51 million per share, with estimates ranging from $131.65 million to $140.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Digital Turbine.

Digital Turbine (NASDAQ:APPS) last released its earnings results on Tuesday, November 7th. The software maker reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. Digital Turbine had a negative return on equity of 23.85% and a negative net margin of 20.41%. The firm had revenue of $27.90 million during the quarter, compared to the consensus estimate of $26.96 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue was up 22.4% compared to the same quarter last year.

A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Digital Turbine from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine upgraded Digital Turbine from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Roth Capital restated a “buy” rating on shares of Digital Turbine in a research report on Monday, December 4th. Finally, B. Riley restated a “buy” rating and issued a $2.00 price objective (up from $1.40) on shares of Digital Turbine in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Digital Turbine presently has an average rating of “Buy” and a consensus price target of $1.55.

In other news, CEO William Gordon Stone III purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $1.56 per share, for a total transaction of $78,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.80% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Unterberg Capital LLC grew its holdings in Digital Turbine by 237.5% in the 3rd quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock valued at $2,039,000 after buying an additional 950,000 shares in the last quarter. Perkins Capital Management Inc. lifted its stake in shares of Digital Turbine by 5.5% in the 3rd quarter. Perkins Capital Management Inc. now owns 911,080 shares of the software maker’s stock valued at $1,376,000 after purchasing an additional 47,500 shares during the last quarter. P.A.W. Capital Corp lifted its stake in shares of 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 purchasing an additional 40,000 shares during the last quarter. White Pine Capital LLC lifted its stake in shares of 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 during the last quarter. Finally, Trellus Management Company LLC lifted its stake in shares of Digital Turbine by 16.8% in the 3rd 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 last quarter. Institutional investors own 20.78% of the company’s stock.

Shares of Digital Turbine (NASDAQ APPS) remained flat at $$1.79 during trading hours on Wednesday. 236,700 shares of the company were exchanged, compared to its average volume of 209,550. Digital Turbine has a 12 month low of $0.65 and a 12 month high of $1.98. The company has a market capitalization of $128.96, a price-to-earnings ratio of -5.97 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.78 and a quick ratio of 0.78.

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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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