Robert M. Deutschman Acquires 25,000 Shares of Digital Turbine Inc (APPS) Stock
Digital Turbine Inc (NASDAQ:APPS) Director Robert M. Deutschman purchased 25,000 shares of Digital Turbine stock in a transaction that occurred on Tuesday, September 11th. The stock was acquired at an average price of $1.27 per share, for a total transaction of $31,750.00. Following the transaction, the director now directly owns 292,550 shares of the company’s stock, valued at approximately $371,538.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of APPS opened at $1.21 on Thursday. Digital Turbine Inc has a fifty-two week low of $1.20 and a fifty-two week high of $2.59. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 0.80.
Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Thursday, August 9th. The software maker reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. Digital Turbine had a negative net margin of 44.22% and a negative return on equity of 16.50%. The business had revenue of $22.11 million for the quarter, compared to analysts’ expectations of $22.98 million. equities analysts anticipate that Digital Turbine Inc will post -0.04 earnings per share for the current year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. ValuEngine cut shares of Digital Turbine from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, National Securities restated a “buy” rating and issued a $3.50 price target on shares of Digital Turbine in a research report on Monday, August 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Digital Turbine presently has an average rating of “Buy” and a consensus target price of $2.60.
About Digital Turbine
Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.
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