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.
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.
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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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