Digital Turbine, Inc. (APPS) Receives $1.83 Consensus Target Price from Analysts

Shares of Digital Turbine, Inc. (NASDAQ:APPS) have received an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $1.83.

Several equities analysts have recently commented on the stock. Roth Capital restated a “buy” rating on shares of Digital Turbine in a report on Monday, December 4th. ValuEngine upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research lowered shares of Digital Turbine from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. 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 report on Wednesday, November 8th.

In other Digital Turbine news, CEO William Gordon Stone III bought 50,000 shares of Digital Turbine stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $1.56 per share, for a total transaction of $78,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Unterberg Capital LLC purchased a new stake in shares of Digital Turbine in the 2nd quarter valued at approximately $412,000. Essex Investment Management Co. LLC purchased a new stake in shares of Digital Turbine in the 3rd quarter valued at approximately $665,000. EAM Investors LLC purchased a new stake in shares of Digital Turbine in the 3rd quarter valued at approximately $465,000. White Pine Capital LLC increased its position 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 increased its position 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 20.89% of the company’s stock.

Digital Turbine (APPS) traded down $0.01 during trading hours on Friday, reaching $1.79. 362,700 shares of the company’s stock traded hands, compared to its average volume of 306,020. 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 12 month low of $0.64 and a 12 month high of $1.98.

Digital Turbine (NASDAQ:APPS) last posted its earnings results on Tuesday, November 7th. The software maker reported ($0.01) earnings per share for the quarter, beating 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%. Digital Turbine’s revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. equities analysts expect that Digital Turbine will post -0.18 EPS for the current fiscal year.

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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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