Digital Turbine (APPS) Getting Somewhat Positive News Coverage, Accern Reports

Media headlines about Digital Turbine (NASDAQ:APPS) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Digital Turbine earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 47.0848784491184 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Digital Turbine from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. B. Riley reiterated a “buy” rating and set a $2.00 price objective (up previously from $1.40) on shares of Digital Turbine in a research report on Wednesday, November 8th. ValuEngine downgraded Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Roth Capital set a $1.00 price objective on Digital Turbine and gave the stock a “buy” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Digital Turbine presently has a consensus rating of “Hold” and an average price target of $1.55.

Shares of Digital Turbine (APPS) opened at $1.59 on Tuesday. Digital Turbine has a 1 year low of $0.59 and a 1 year high of $1.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.78 and a quick ratio of 0.78.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.01) earnings per share for the quarter, beating 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 business had revenue of $27.90 million during the quarter, compared to analysts’ expectations of $26.96 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. equities analysts predict that Digital Turbine will post -0.15 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 dated Monday, November 13th. The stock was acquired at an average cost of $1.56 per share, with a total value of $78,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.80% of the company’s stock.

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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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