Digital Turbine (NASDAQ:APPS) Earns “Buy” Rating from Roth Capital

Digital Turbine (NASDAQ:APPS)‘s stock had its “buy” rating restated by research analysts at Roth Capital in a research report issued to clients and investors on Monday, December 4th.

APPS has been the topic of several other research reports. Zacks Investment Research raised shares of Digital Turbine from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. ValuEngine lowered Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, B. Riley restated a “buy” rating and issued a $2.00 price target (up previously from $1.40) on shares of Digital Turbine in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1.55.

Digital Turbine (NASDAQ:APPS) remained flat at $$1.79 during trading hours on Monday. 182,456 shares of the stock traded hands, compared to its average volume of 394,606. 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 1-year low of $0.65 and a 1-year high of $1.98. The stock has a market capitalization of $128.96, a price-to-earnings ratio of -5.97 and a beta of 1.36.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $27.90 million for the quarter, compared to analysts’ expectations of $26.96 million. During the same period in the previous year, the firm posted ($0.11) EPS. Digital Turbine’s revenue was up 22.4% compared to the same quarter last year. equities research analysts anticipate that Digital Turbine will post -0.18 earnings per share for the current year.

In other Digital Turbine news, CEO William Gordon Stone III bought 50,000 shares of Digital Turbine 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. acquired a new position in Digital Turbine during the third quarter worth about $101,000. Granahan Investment Management Inc. MA acquired a new position in Digital Turbine during the third quarter worth about $350,000. Unterberg Capital LLC acquired a new position in Digital Turbine during the second quarter worth about $412,000. EAM Investors LLC acquired a new position in Digital Turbine during the third quarter worth about $465,000. Finally, Essex Investment Management Co. LLC acquired a new position in Digital Turbine during the third quarter worth about $665,000. 20.78% of the stock is 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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