Digital Turbine Inc (NASDAQ:APPS) – Analysts at B. Riley raised their Q4 2019 earnings per share estimates for Digital Turbine in a report released on Tuesday, November 6th. B. Riley analyst S. Sinha now expects that the software maker will post earnings per share of $0.00 for the quarter, up from their previous estimate of ($0.01).

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Thursday, August 9th. The software maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Digital Turbine had a negative net margin of 38.14% and a negative return on equity of 15.28%. The company had revenue of $22.11 million for the quarter, compared to the consensus estimate of $22.98 million.

A number of other equities research analysts also recently weighed in on APPS. ValuEngine downgraded shares of Digital Turbine from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of Digital Turbine from a “sell” rating to a “buy” rating and set a $1.50 price target on the stock in a research note on Tuesday, August 7th. National Securities restated a “buy” rating and issued a $3.50 price target on shares of Digital Turbine in a research note on Monday, August 13th. Finally, TheStreet upgraded shares of Digital Turbine from a “d” rating to a “c” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Digital Turbine currently has an average rating of “Buy” and an average price target of $2.85.

APPS opened at $1.70 on Thursday. Digital Turbine has a 1-year low of $1.12 and a 1-year high of $2.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.82. The company has a market capitalization of $128.13 million, a PE ratio of -18.89 and a beta of 1.05.

In other Digital Turbine news, Director Roy H. Chestnutt bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average cost of $1.32 per share, for a total transaction of $26,400.00. Following the transaction, the director now directly owns 66,763 shares in the company, valued at $88,127.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Deutschman bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were acquired at an average price of $1.27 per share, for a total transaction of $31,750.00. Following the completion of the transaction, the director now owns 292,550 shares in the company, valued at $371,538.50. The disclosure for this purchase can be found here. 6.20% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Granahan Investment Management Inc. MA boosted its position in Digital Turbine by 143.8% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 1,400,126 shares of the software maker’s stock worth $2,114,000 after buying an additional 825,915 shares during the period. BDO Wealth Advisors LLC acquired a new stake in Digital Turbine during the 2nd quarter worth approximately $642,000. United Services Automobile Association lifted its position in shares of Digital Turbine by 143.8% in the 2nd quarter. United Services Automobile Association now owns 1,382,947 shares of the software maker’s stock worth $2,088,000 after purchasing an additional 815,677 shares during the period. Millennium Management LLC lifted its position in shares of Digital Turbine by 397.9% in the 1st quarter. Millennium Management LLC now owns 1,549,547 shares of the software maker’s stock worth $3,115,000 after purchasing an additional 1,238,351 shares during the period. Finally, P.A.W. Capital Corp lifted its position in shares of Digital Turbine by 71.4% in the 2nd quarter. P.A.W. Capital Corp now owns 1,200,000 shares of the software maker’s stock worth $1,812,000 after purchasing an additional 500,000 shares during the period. Institutional investors and hedge funds own 26.45% of the company’s stock.

Digital Turbine Company Profile

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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Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

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