William Gordon Stone III Acquires 50,000 Shares of Digital Turbine, Inc. (APPS) Stock
Digital Turbine, Inc. (NASDAQ:APPS) CEO William Gordon Stone III bought 50,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average cost of $1.56 per share, with a total value of $78,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Digital Turbine, Inc. (APPS) opened at $1.61 on Wednesday. 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, Inc. has a 52 week low of $0.59 and a 52 week high of $1.64.
Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data 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. The company had revenue of $27.90 million during the quarter, compared to the consensus estimate of $26.96 million. Digital Turbine had a negative return on equity of 23.85% and a negative net margin of 20.41%. The firm’s revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS. research analysts predict that Digital Turbine, Inc. will post -0.15 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on APPS shares. ValuEngine downgraded Digital Turbine from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 20th. Roth Capital set a $1.00 price target on Digital Turbine and gave the company a “buy” rating in a research note on Friday, July 28th. B. Riley restated a “buy” rating and set a $1.40 price target on shares of Digital Turbine in a research note on Tuesday, August 8th. Finally, Zacks Investment Research downgraded Digital Turbine from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $1.55.
Large investors have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. bought a new position in shares of Digital Turbine during the 3rd quarter valued at approximately $101,000. Carleon Capital Partners LLC bought a new position in shares of Digital Turbine during the 2nd quarter valued at approximately $2,673,000. Granahan Investment Management Inc. MA bought a new position in shares of Digital Turbine during the 3rd quarter valued at approximately $350,000. EAM Investors LLC bought a new position in shares of Digital Turbine during the 3rd quarter valued at approximately $465,000. Finally, Unterberg Capital LLC bought a new position in shares of Digital Turbine during the 2nd quarter valued at approximately $412,000. Institutional investors own 15.78% of the company’s stock.
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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