Wall Street analysts expect that Digital Turbine Inc (NASDAQ:APPS) will report sales of $30.28 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Digital Turbine’s earnings, with the lowest sales estimate coming in at $28.78 million and the highest estimate coming in at $31.06 million. Digital Turbine reported sales of $22.40 million during the same quarter last year, which indicates a positive year over year growth rate of 35.2%. The firm is scheduled to issue its next earnings results on Wednesday, June 13th.

According to Zacks, analysts expect that Digital Turbine will report full-year sales of $30.28 million for the current fiscal year, with estimates ranging from $123.00 million to $123.10 million. For the next fiscal year, analysts anticipate that the business will report sales of $135.92 million per share, with estimates ranging from $131.65 million to $141.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Digital Turbine.

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Digital Turbine (NASDAQ:APPS) last issued its earnings results on Wednesday, February 7th. The software maker reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The firm had revenue of $38.03 million during the quarter, compared to analyst estimates of $31.09 million. Digital Turbine had a negative net margin of 18.66% and a negative return on equity of 22.65%.

Several brokerages have recently commented on APPS. ValuEngine upgraded Digital Turbine from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research upgraded Digital Turbine from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. B. Riley raised their target price on Digital Turbine from $2.50 to $2.80 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Roth Capital restated a “buy” rating on shares of Digital Turbine in a research note on Monday, December 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Digital Turbine currently has an average rating of “Buy” and a consensus target price of $1.91.

Shares of Digital Turbine (NASDAQ APPS) traded down $0.08 on Friday, hitting $2.41. The stock had a trading volume of 839,138 shares, compared to its average volume of 1,059,871. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $183.35, a P/E ratio of -7.77 and a beta of 1.33. Digital Turbine has a 12 month low of $0.78 and a 12 month high of $2.57.

A number of hedge funds have recently added to or reduced their stakes in APPS. EAM Investors LLC acquired a new position in Digital Turbine during the 3rd quarter valued at about $465,000. Unterberg Capital LLC boosted its stake in Digital Turbine by 237.5% during the 3rd quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock valued at $2,039,000 after purchasing an additional 950,000 shares during the last quarter. Granahan Investment Management Inc. MA acquired a new position in Digital Turbine during the 3rd quarter valued at about $350,000. White Pine Capital LLC boosted its stake in Digital Turbine by 6.3% during the 4th quarter. White Pine Capital LLC now owns 1,051,025 shares of the software maker’s stock valued at $1,881,000 after purchasing an additional 61,900 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Digital Turbine by 20.9% during the 4th quarter. Renaissance Technologies LLC now owns 945,874 shares of the software maker’s stock valued at $1,693,000 after purchasing an additional 163,700 shares during the last quarter. Institutional investors and hedge funds own 22.57% 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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Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

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