Digital Turbine Inc (APPS) Expected to Post FY2018 Earnings of ($0.23) Per Share

Digital Turbine Inc (NASDAQ:APPS) – Equities research analysts at B. Riley dropped their FY2018 earnings estimates for Digital Turbine in a report issued on Thursday. B. Riley analyst S. Sinha now anticipates that the software maker will earn ($0.23) per share for the year, down from their prior estimate of ($0.19). B. Riley has a “Buy” rating and a $2.80 price objective on the stock. B. Riley also issued estimates for Digital Turbine’s Q4 2018 earnings at ($0.02) EPS, Q1 2019 earnings at $0.00 EPS and FY2019 earnings at ($0.01) EPS.

Several other analysts also recently weighed in on APPS. ValuEngine downgraded Digital Turbine from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Roth Capital restated a “buy” rating on shares of Digital Turbine in a research note on Monday, December 4th. Finally, Zacks Investment Research upgraded Digital Turbine from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Digital Turbine currently has a consensus rating of “Buy” and a consensus price target of $1.91.

Shares of Digital Turbine (APPS) opened at $2.09 on Monday. Digital Turbine has a 52 week low of $0.69 and a 52 week high of $2.25. The firm has a market capitalization of $157.05, a P/E ratio of -6.74 and a beta of 1.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84.

Institutional investors have recently bought and sold shares of the business. Thompson Davis & CO. Inc. acquired a new position in Digital Turbine in the 3rd quarter valued at approximately $101,000. Granahan Investment Management Inc. MA acquired a new position in Digital Turbine in the 3rd quarter valued at approximately $350,000. EAM Investors LLC acquired a new position in Digital Turbine in the 3rd quarter valued at approximately $465,000. Essex Investment Management Co. LLC acquired a new position in Digital Turbine in the 3rd quarter valued at approximately $665,000. Finally, Trellus Management Company LLC raised its holdings in 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 acquiring an additional 100,689 shares in the last quarter. 19.85% of the stock is owned by hedge funds and other 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.

Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

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