Digital Turbine (NASDAQ:APPS) had its price target raised by equities researchers at B. Riley from $2.50 to $2.80 in a report issued on Thursday. The brokerage presently has a “buy” rating on the software maker’s stock. B. Riley’s target price points to a potential upside of 33.97% from the stock’s previous close. B. Riley also issued estimates for Digital Turbine’s Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at ($0.01) EPS and Q4 2019 earnings at $0.00 EPS.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Digital Turbine from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Roth Capital restated a “buy” rating on shares of Digital Turbine in a research report on Monday, December 4th. Finally, ValuEngine cut Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Digital Turbine currently has a consensus rating of “Buy” and an average price target of $1.91.

Digital Turbine (NASDAQ:APPS) opened at $2.09 on Thursday. The stock has a market capitalization of $151.04, a PE ratio of -6.74 and a beta of 1.52. Digital Turbine has a 52-week low of $0.69 and a 52-week high of $2.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.78.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $27.90 million for the quarter, compared to analysts’ expectations of $26.96 million. Digital Turbine had a negative return on equity of 22.65% and a negative net margin of 18.66%. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. equities analysts expect that Digital Turbine will post -0.19 earnings per share for the current fiscal year.

In related news, CEO William Gordon Stone III purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $1.56 per share, for a total transaction of $78,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. purchased a new stake in Digital Turbine in the 3rd quarter valued at approximately $101,000. Granahan Investment Management Inc. MA purchased a new stake in Digital Turbine in the 3rd quarter valued at approximately $350,000. EAM Investors LLC purchased a new stake in Digital Turbine in the 3rd quarter valued at approximately $465,000. Essex Investment Management Co. LLC purchased a new stake in Digital Turbine in the 3rd quarter valued at approximately $665,000. Finally, Trellus Management Company LLC boosted its holdings in Digital Turbine by 16.8% in the 3rd quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock valued at $1,058,000 after purchasing an additional 100,689 shares in the last quarter. 20.66% of the stock is currently owned by institutional investors.

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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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