Digital Turbine (APPS) Receiving Somewhat Favorable Media Coverage, Accern Reports
News articles about Digital Turbine (NASDAQ:APPS) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Digital Turbine earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 44.8399451636773 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- All You Need To Know About Digital Turbine Inc’s (NASDAQ:APPS) Risks (finance.yahoo.com)
- Need Help Sticking to Your 2018 Resolutions? Try These 5 Apps (inc.com)
- Mapping Out Your Digital Marketing Strategy For 2018 (forbes.com)
- Zacks: Brokerages Anticipate Digital Turbine Inc (APPS) Will Post Quarterly Sales of $31.10 Million (americanbankingnews.com)
Several brokerages have weighed in on APPS. Zacks Investment Research downgraded Digital Turbine from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine raised Digital Turbine from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Roth Capital reissued a “buy” rating on shares of Digital Turbine in a report on Monday, December 4th. Finally, B. Riley reissued a “buy” rating and issued a $2.00 price target (up previously from $1.40) on shares of Digital Turbine in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1.55.
Shares of Digital Turbine (APPS) opened at $1.96 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $141.21, a PE ratio of -6.53 and a beta of 1.36. Digital Turbine has a twelve month low of $0.65 and a twelve month high of $2.07.
Digital Turbine (NASDAQ:APPS) last issued 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 return on equity of 23.85% and a negative net margin of 20.41%. The business had revenue of $27.90 million during the quarter, compared to the consensus estimate of $26.96 million. During the same quarter last year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis. sell-side analysts forecast that Digital Turbine will post -0.18 EPS for the current year.
In other news, CEO William Gordon Stone III bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $1.56 per share, with a total value of $78,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.80% of the company’s stock.
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Digital Turbine Company Profile
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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