Analysts Offer Predictions for Digital Turbine Inc’s Q4 2019 Earnings (APPS)

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Digital Turbine Inc (NASDAQ:APPS) – Investment analysts at B. Riley issued their Q4 2019 EPS estimates for Digital Turbine in a note issued to investors on Wednesday, February 6th. B. Riley analyst S. Sinha expects that the software maker will earn $0.01 per share for the quarter. B. Riley also issued estimates for Digital Turbine’s Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.01 EPS, Q3 2020 earnings at $0.02 EPS and Q4 2020 earnings at $0.02 EPS.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. Digital Turbine had a positive return on equity of 1.62% and a negative net margin of 38.60%. The company had revenue of $30.41 million during the quarter, compared to analysts’ expectations of $28.95 million.

A number of other research analysts have also recently commented on APPS. National Securities set a $4.00 price target on Digital Turbine and gave the company a “buy” rating in a research note on Tuesday, November 6th. TheStreet upgraded Digital Turbine from a “d” rating to a “c” rating in a research note on Tuesday, November 6th. Zacks Investment Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating and set a $1.75 price target for the company in a research note on Friday, November 9th. Finally, ValuEngine upgraded Digital Turbine from a “hold” rating to a “buy” rating in a research note on Friday, January 4th.

Shares of APPS opened at $2.70 on Monday. Digital Turbine has a 52 week low of $1.12 and a 52 week high of $2.78. The firm has a market capitalization of $199.57 million, a PE ratio of -30.00 and a beta of 1.68. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.89.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc raised its position in Digital Turbine by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 2,847,934 shares of the software maker’s stock worth $3,532,000 after purchasing an additional 12,400 shares during the last quarter. S Squared Technology LLC raised its position in Digital Turbine by 15.3% during the 3rd quarter. S Squared Technology LLC now owns 1,785,895 shares of the software maker’s stock worth $2,215,000 after purchasing an additional 237,000 shares during the last quarter. United Services Automobile Association raised its position in Digital Turbine by 7.0% during the 3rd quarter. United Services Automobile Association now owns 1,480,187 shares of the software maker’s stock worth $1,835,000 after purchasing an additional 97,240 shares during the last quarter. Trellus Management Company LLC raised its position in Digital Turbine by 8.3% during the 3rd quarter. Trellus Management Company LLC now owns 936,497 shares of the software maker’s stock worth $1,161,000 after purchasing an additional 71,812 shares during the last quarter. Finally, National Asset Management Inc. raised its position in Digital Turbine by 5.4% during the 3rd quarter. National Asset Management Inc. now owns 629,475 shares of the software maker’s stock worth $781,000 after purchasing an additional 32,200 shares during the last quarter. 21.96% of the stock is owned by institutional investors and hedge funds.

About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.

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Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

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