Wall Street analysts expect that Digital Turbine Inc (NASDAQ:APPS) will report $0.02 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Digital Turbine’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.01. Digital Turbine reported earnings of ($0.05) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 140%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 6th.

On average, analysts expect that Digital Turbine will report full-year earnings of $0.04 per share for the current year, with EPS estimates ranging from $0.02 to $0.06. For the next fiscal year, analysts anticipate that the company will post earnings of $0.10 per share, with EPS estimates ranging from $0.06 to $0.14. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Digital Turbine.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating and set a $1.75 price target on the stock in a report on Friday, November 9th. TheStreet raised Digital Turbine from a “d” rating to a “c” rating in a report on Tuesday, November 6th. Finally, National Securities reissued a “buy” rating and set a $3.50 price target on shares of Digital Turbine in a report on Monday, August 13th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Digital Turbine has an average rating of “Buy” and a consensus price target of $2.85.

Shares of APPS stock opened at $2.00 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82. Digital Turbine has a 1 year low of $1.12 and a 1 year high of $2.59. The stock has a market cap of $155.31 million, a price-to-earnings ratio of -22.22 and a beta of 1.20.

In related news, Director Robert M. Deutschman purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were purchased at an average price of $1.27 per share, with a total value of $31,750.00. Following the completion of the acquisition, the director now directly owns 292,550 shares in the company, valued at approximately $371,538.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 6.20% of the company’s stock.

A number of large investors have recently made changes to their positions in APPS. Granahan Investment Management Inc. MA lifted its position in Digital Turbine by 143.8% in the second quarter. Granahan Investment Management Inc. MA now owns 1,400,126 shares of the software maker’s stock valued at $2,114,000 after purchasing an additional 825,915 shares during the period. United Services Automobile Association lifted its position in Digital Turbine by 143.8% in the second quarter. United Services Automobile Association now owns 1,382,947 shares of the software maker’s stock valued at $2,088,000 after purchasing an additional 815,677 shares during the period. BDO Wealth Advisors LLC acquired a new stake in Digital Turbine in the second quarter valued at about $642,000. S Squared Technology LLC lifted its position in Digital Turbine by 15.3% in the third quarter. S Squared Technology LLC now owns 1,785,895 shares of the software maker’s stock valued at $2,215,000 after purchasing an additional 237,000 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in Digital Turbine in the third quarter valued at about $217,000. Hedge funds and other institutional investors own 21.85% 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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