Several other research firms have also commented on APPS. B. Riley reissued a buy rating and set a $1.40 price objective on shares of Digital Turbine in a research note on Monday, August 14th. ValuEngine downgraded shares of Digital Turbine from a hold rating to a sell rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of Digital Turbine from a hold rating to a sell rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $1.55.
Shares of Digital Turbine (NASDAQ APPS) traded down $0.05 on Monday, reaching $1.62. 243,300 shares of the company’s stock traded hands, compared to its average volume of 294,342. 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 has a one year low of $0.59 and a one year high of $1.92.
Digital Turbine (NASDAQ:APPS) last issued its 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. The company had revenue of $27.90 million for the quarter, compared to analyst estimates of $26.96 million. Digital Turbine had a negative net margin of 20.41% and a negative return on equity of 23.85%. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) earnings per share. equities analysts anticipate that Digital Turbine will post -0.17 EPS for the current year.
In related news, CEO William Gordon Stone III purchased 50,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were bought at an average price of $1.56 per share, with a total value of $78,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.80% of the company’s stock.
Large investors have recently bought and sold shares of the business. Unterberg Capital LLC purchased a new position in shares of Digital Turbine in the 2nd quarter valued at $412,000. Essex Investment Management Co. LLC purchased a new position in shares of Digital Turbine in the 3rd quarter valued at $665,000. White Pine Capital LLC raised 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 acquiring an additional 136,800 shares during the period. Trellus Management Company LLC raised 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 acquiring an additional 100,689 shares during the period. Finally, EAM Investors LLC purchased a new position in shares of Digital Turbine in the 3rd quarter valued at $465,000. 20.98% of the stock is currently owned by institutional investors.
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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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