Digital Turbine (NASDAQ:APPS) Earns News Sentiment Score of 0.23

Media coverage about Digital Turbine (NASDAQ:APPS) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Digital Turbine earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.2358521957524 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.

These are some of the headlines that may have effected Accern’s analysis:

Shares of Digital Turbine (NASDAQ:APPS) remained flat at $$1.99 during mid-day trading on Thursday. The company’s stock had a trading volume of 189,566 shares, compared to its average volume of 446,196. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.19. Digital Turbine has a fifty-two week low of $0.65 and a fifty-two week high of $2.07. The company has a market cap of $132.55, a P/E ratio of -6.63 and a beta of 1.36.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $26.96 million. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. sell-side analysts anticipate that Digital Turbine will post -0.18 earnings per share for the current year.

A number of research analysts recently commented on APPS shares. Roth Capital restated a “buy” rating on shares of Digital Turbine in a research note on Monday, December 4th. Zacks Investment Research upgraded Digital Turbine from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research report on Tuesday. ValuEngine cut Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, B. Riley reiterated a “buy” rating and issued a $2.00 price target (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 given a hold rating and four have given a buy rating to the company’s stock. Digital Turbine presently has a consensus rating of “Buy” and an average target price of $1.75.

In other news, CEO William Gordon Stone III purchased 50,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $1.56 per share, with a total value of $78,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.80% 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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