Brokerages Set Digital Turbine Inc (APPS) PT at $2.00

Digital Turbine Inc (NASDAQ:APPS) has been given an average rating of “Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $2.10.

Several research analysts recently issued reports on APPS shares. Zacks Investment Research raised shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Friday, December 1st. B. Riley restated a “buy” rating and set a $2.00 price target (up previously from $1.40) on shares of Digital Turbine in a research report on Wednesday, November 8th. Roth Capital restated a “buy” rating on shares of Digital Turbine in a research report on Monday, December 4th. Finally, ValuEngine lowered shares of Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th.

In related news, CEO William Gordon Stone III bought 50,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $1.56 per share, for a total transaction of $78,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.80% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in APPS. Granahan Investment Management Inc. MA purchased a new position in Digital Turbine during the 3rd quarter valued at about $350,000. Essex Investment Management Co. LLC bought a new position in shares of Digital Turbine during the 3rd quarter worth approximately $665,000. EAM Investors LLC bought a new position in shares of Digital Turbine during the 3rd quarter worth approximately $465,000. Trellus Management Company LLC boosted its stake in shares of Digital Turbine by 16.8% during the 3rd quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock worth $1,058,000 after acquiring an additional 100,689 shares during the period. Finally, Unterberg Capital LLC boosted its stake in shares of Digital Turbine by 237.5% during the 3rd 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 period. Institutional investors and hedge funds own 20.66% of the company’s stock.

Shares of Digital Turbine (NASDAQ:APPS) traded up $0.13 during trading on Monday, hitting $2.15. 1,790,153 shares of the company traded hands, compared to its average volume of 630,762. 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 $0.69 and a 12-month high of $2.25. The stock has a market capitalization of $148.41, a PE ratio of -7.26 and a beta of 1.52.

Digital Turbine (NASDAQ:APPS) last issued its earnings results 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 net margin of 20.41% and a negative return on equity of 23.85%. The firm had revenue of $27.90 million during the quarter, compared to analysts’ expectations of $26.96 million. During the same quarter last year, the company posted ($0.11) earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. analysts predict that Digital Turbine will post -0.19 earnings per share for the current fiscal year.

WARNING: “Brokerages Set Digital Turbine Inc (APPS) PT at $2.00” was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://weekherald.com/2018/02/15/brokerages-set-digital-turbine-inc-apps-pt-at-2-00.html.

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.

Receive News & Ratings for Digital Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Turbine and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply