Digital Turbine, Inc. (NASDAQ:APPS) traded up 0.7% during mid-day trading on Monday following insider buying activity. The stock traded as high as $1.59 and last traded at $1.48. 199,900 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 277,294 shares. The stock had previously closed at $1.49.

Specifically, CEO William Gordon Stone III purchased 50,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $1.56 per share, with a total value of $78,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.80% of the company’s stock.

A number of analysts have weighed in on APPS shares. B. Riley restated a “buy” rating and set a $1.40 price objective on shares of Digital Turbine in a research note on Monday, August 14th. ValuEngine lowered shares of Digital Turbine from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Zacks Investment Research downgraded shares of Digital Turbine from a “hold” rating to a “sell” rating in a report on Friday. Finally, Roth Capital set a $1.00 price objective on shares of Digital Turbine and gave the stock a “buy” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $1.55.

The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.19.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.01) earnings per share for the quarter, topping the 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 company had revenue of $27.90 million for the quarter, compared to analysts’ expectations of $26.96 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Digital Turbine’s quarterly revenue was up 22.4% on a year-over-year basis. equities analysts forecast that Digital Turbine, Inc. will post -0.15 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. P.A.W. Capital Corp increased its position in Digital Turbine by 5.0% in the third quarter. P.A.W. Capital Corp now owns 840,000 shares of the software maker’s stock worth $1,268,000 after purchasing an additional 40,000 shares during the last quarter. Perkins Capital Management Inc. increased its position in Digital Turbine by 5.5% during the third quarter. Perkins Capital Management Inc. now owns 911,080 shares of the software maker’s stock valued at $1,376,000 after acquiring an additional 47,500 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in Digital Turbine during the third quarter valued at $101,000. Trellus Management Company LLC increased its position in Digital Turbine by 16.2% during the second 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 during the last quarter. Finally, White Pine Capital LLC increased its position in Digital Turbine by 23.2% during the second quarter. White Pine Capital LLC now owns 725,375 shares of the software maker’s stock valued at $747,000 after acquiring an additional 136,800 shares during the last quarter. Institutional investors own 15.78% of the company’s stock.

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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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