Digital Turbine, Inc. (APPS) Upgraded by ValuEngine to “Hold”
ValuEngine upgraded shares of Digital Turbine, Inc. (NASDAQ:APPS) from a sell rating to a hold rating in a research note published on Tuesday morning.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Digital Turbine from a hold rating to a buy rating and set a $1.25 price target on the stock in a research note on Tuesday, July 4th. Roth Capital set a $1.00 price objective on shares of Digital Turbine and gave the stock a buy rating in a research note on Friday, July 28th. Finally, B. Riley restated a buy rating and set a $1.40 price objective on shares of Digital Turbine in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Digital Turbine has an average rating of Buy and an average target price of $1.43.
Shares of Digital Turbine (NASDAQ:APPS) opened at $1.58 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.25.
Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Monday, August 7th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. Digital Turbine had a negative net margin of 22.54% and a negative return on equity of 31.91%. The firm had revenue of $26.10 million for the quarter, compared to analyst estimates of $24.46 million. During the same period in the previous year, the business earned ($0.11) EPS. equities analysts forecast that Digital Turbine will post -0.09 earnings per share for the current fiscal year.
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In other news, CEO William Gordon Stone III acquired 126,400 shares of the stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $1.12 per share, for a total transaction of $141,568.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.80% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. acquired a new position in shares of Digital Turbine during the 3rd quarter worth about $101,000. Unterberg Capital LLC acquired a new position in shares of Digital Turbine during the 2nd quarter worth about $412,000. Trellus Management Company LLC increased its stake in shares of Digital Turbine by 16.2% during the 2nd quarter. Trellus Management Company LLC now owns 600,000 shares of the software maker’s stock worth $618,000 after purchasing an additional 83,675 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Digital Turbine during the 3rd quarter worth about $665,000. Finally, White Pine Capital LLC increased its stake in shares of Digital Turbine by 23.2% during the 2nd quarter. White Pine Capital LLC now owns 725,375 shares of the software maker’s stock worth $747,000 after purchasing an additional 136,800 shares during the last quarter. Institutional investors own 16.11% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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