Brokers Issue Forecasts for Digital Turbine, Inc.’s Q3 2018 Earnings (APPS)
Digital Turbine, Inc. (NASDAQ:APPS) – Investment analysts at B. Riley raised their Q3 2018 earnings per share estimates for shares of Digital Turbine in a research note issued to investors on Wednesday. B. Riley analyst S. Sinha now forecasts that the software maker will post earnings of ($0.02) per share for the quarter, up from their previous forecast of ($0.03). B. Riley currently has a “Buy” rating and a $2.00 target price on the stock. B. Riley also issued estimates for Digital Turbine’s FY2018 earnings at ($0.20) EPS and FY2019 earnings at ($0.03) EPS.
Digital Turbine (NASDAQ:APPS) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $26.96 million. During the same period in the prior year, the company posted ($0.11) EPS. Digital Turbine’s quarterly revenue was up 22.4% on a year-over-year basis.
APPS has been the topic of a number of other reports. ValuEngine raised Digital Turbine from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Digital Turbine from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Roth Capital set a $1.00 target price on Digital Turbine and gave the company a “buy” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $1.55.
Digital Turbine (NASDAQ:APPS) opened at $1.48 on Friday. Digital Turbine has a 52-week low of $0.59 and a 52-week high of $1.64. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.19.
Several hedge funds have recently bought and sold shares of APPS. Thompson Davis & CO. Inc. acquired a new stake in shares of Digital Turbine during the 3rd quarter valued at approximately $101,000. Unterberg Capital LLC acquired a new stake in shares of Digital Turbine during the 2nd quarter valued at approximately $412,000. EAM Investors LLC acquired a new stake in shares of Digital Turbine during the 3rd quarter valued at approximately $465,000. Trellus Management Company LLC raised its position in shares of Digital Turbine by 16.2% during the 2nd quarter. Trellus Management Company LLC now owns 600,000 shares of the software maker’s stock valued at $618,000 after acquiring an additional 83,675 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Digital Turbine during the 3rd quarter valued at approximately $665,000. 16.96% of the stock is currently owned by institutional investors and hedge funds.
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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