Digital Turbine (APPS) Receives “Buy” Rating from Roth Capital

Digital Turbine (NASDAQ:APPS)‘s stock had its “buy” rating reiterated by equities researchers at Roth Capital in a report issued on Monday.

Several other analysts have also weighed in on the company. Zacks Investment Research lowered Digital Turbine from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. B. Riley reaffirmed a “buy” rating and issued a $2.00 price objective (up from $1.40) on shares of Digital Turbine in a research note on Wednesday, November 8th. Finally, ValuEngine lowered Digital Turbine from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1.55.

Shares of Digital Turbine (NASDAQ:APPS) opened at $1.62 on Monday. Digital Turbine has a 12 month low of $0.59 and a 12 month high of $1.92. 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 released its earnings results on Tuesday, November 7th. The software maker reported ($0.01) earnings per share (EPS) 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 return on equity of 23.85% and a negative net margin of 20.41%. Digital Turbine’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) EPS. sell-side analysts predict that Digital Turbine will post -0.17 EPS for the current year.

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 purchased at an average cost of $1.56 per share, with a total value of $78,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Granahan Investment Management Inc. MA acquired a new stake in shares of Digital Turbine during the third quarter valued at about $350,000. Unterberg Capital LLC raised its position in shares of Digital Turbine by 237.5% during the third quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock worth $2,039,000 after acquiring an additional 950,000 shares during the last quarter. EAM Investors LLC bought a new position in shares of Digital Turbine during the third quarter worth about $465,000. Perkins Capital Management Inc. raised its position in shares of Digital Turbine by 5.5% during the third quarter. Perkins Capital Management Inc. now owns 911,080 shares of the software maker’s stock worth $1,376,000 after acquiring an additional 47,500 shares during the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in shares of Digital Turbine during the third quarter worth about $101,000. 20.98% of the stock is currently owned by hedge funds and other 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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