Digital Turbine Inc (NASDAQ:APPS) – Investment analysts at B. Riley issued their Q4 2019 EPS estimates for Digital Turbine in a report issued on Wednesday, February 6th. B. Riley analyst S. Sinha anticipates that the software maker will earn $0.01 per share for the quarter. B. Riley also issued estimates for Digital Turbine’s Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.01 EPS, Q3 2020 earnings at $0.02 EPS and Q4 2020 earnings at $0.02 EPS.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Tuesday, February 5th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $30.41 million for the quarter, compared to analyst estimates of $28.95 million. Digital Turbine had a negative net margin of 38.60% and a positive return on equity of 1.62%.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Digital Turbine from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. ValuEngine upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. TheStreet upgraded shares of Digital Turbine from a “d” rating to a “c” rating in a research report on Tuesday, November 6th. Finally, National Securities set a $4.00 target price on shares of Digital Turbine and gave the stock a “buy” rating in a research report on Tuesday, November 6th.

Shares of NASDAQ APPS opened at $2.92 on Monday. The firm has a market cap of $199.57 million, a price-to-earnings ratio of -32.44 and a beta of 1.68. Digital Turbine has a one year low of $1.12 and a one year high of $2.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89.

Several institutional investors have recently added to or reduced their stakes in APPS. United Services Automobile Association boosted 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 buying an additional 815,677 shares in the last quarter. S Squared Technology LLC boosted its position in shares of Digital Turbine by 15.3% in the 3rd quarter. S Squared Technology LLC now owns 1,785,895 shares of the software maker’s stock worth $2,215,000 after buying an additional 237,000 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Digital Turbine in the 3rd quarter worth about $217,000. Russell Investments Group Ltd. purchased a new stake in shares of Digital Turbine in the 3rd quarter worth about $178,000. Finally, Lindbrook Capital LLC purchased a new stake in shares of Digital Turbine in the 4th quarter worth about $241,000. Institutional investors and hedge funds own 21.96% 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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