Digital Turbine Inc (NASDAQ:APPS) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $1.94.

Several equities research analysts recently weighed in on APPS shares. Zacks Investment Research downgraded Digital Turbine from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine raised Digital Turbine from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. B. Riley reissued a “buy” rating and issued a $2.00 target price (up previously from $1.40) on shares of Digital Turbine in a report on Wednesday, November 8th. Finally, Roth Capital reissued a “buy” rating on shares of Digital Turbine in a report on Monday, December 4th.

Digital Turbine (NASDAQ:APPS) opened at $1.99 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.19. The stock has a market cap of $132.55, a P/E ratio of -6.63 and a beta of 1.36. Digital Turbine has a 1 year low of $0.65 and a 1 year high of $2.07.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Digital Turbine had a negative return on equity of 23.85% and a negative net margin of 20.41%. The firm had revenue of $27.90 million during the quarter, compared to the consensus estimate of $26.96 million. During the same period last year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. research analysts predict that Digital Turbine will post -0.18 EPS for the current year.

In other news, CEO William Gordon Stone III purchased 50,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $1.56 per share, for a total transaction of $78,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. purchased a new stake in Digital Turbine in the 3rd quarter valued at about $101,000. Granahan Investment Management Inc. MA purchased a new stake in Digital Turbine in the 3rd quarter valued at about $350,000. EAM Investors LLC purchased a new stake in Digital Turbine in the 3rd quarter valued at about $465,000. Essex Investment Management Co. LLC purchased a new stake in Digital Turbine in the 3rd quarter valued at about $665,000. Finally, Trellus Management Company LLC grew 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 buying an additional 100,689 shares during the period. Hedge funds and other institutional investors own 20.78% of the company’s stock.

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About Digital Turbine

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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