Digital Turbine, Inc. (NASDAQ:APPS) CEO William Gordon Stone III acquired 126,400 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $1.12 per share, with a total value of $141,568.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Digital Turbine, Inc. (NASDAQ:APPS) traded up 4.81% during midday trading on Friday, hitting $1.09. The company had a trading volume of 389,252 shares. Digital Turbine, Inc. has a 12 month low of $0.56 and a 12 month high of $1.56. The stock’s 50-day moving average price is $1.07 and its 200-day moving average price is $0.97. The company’s market cap is $72.60 million.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Monday, August 7th. The software maker reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The business had revenue of $26.10 million during the quarter, compared to analyst estimates of $24.46 million. Digital Turbine had a negative return on equity of 31.91% and a negative net margin of 22.54%. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. On average, equities research analysts forecast that Digital Turbine, Inc. will post ($0.11) EPS for the current year.

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Several equities research analysts have recently weighed in on APPS shares. B. Riley reissued a “buy” rating and issued a $1.40 price objective on shares of Digital Turbine in a report on Sunday, June 18th. Ladenburg Thalmann Financial Services increased their price objective on Digital Turbine from $1.25 to $2.00 and gave the company a “buy” rating in a report on Friday, June 16th. Zacks Investment Research raised Digital Turbine from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a report on Tuesday, July 4th. Roth Capital set a $1.00 price objective on Digital Turbine and gave the company a “buy” rating in a report on Friday, July 28th. Finally, ValuEngine downgraded Digital Turbine from a “sell” rating to a “strong sell” rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $1.43.

Hedge funds have recently made changes to their positions in the stock. Perkins Capital Management Inc. raised its stake in shares of Digital Turbine by 1.2% in the first quarter. Perkins Capital Management Inc. now owns 898,080 shares of the software maker’s stock valued at $844,000 after buying an additional 11,000 shares during the period. White Pine Capital LLC raised its stake in shares of Digital Turbine by 23.2% in the second quarter. White Pine Capital LLC now owns 725,375 shares of the software maker’s stock valued at $747,000 after buying an additional 136,800 shares during the period. Trellus Management Company LLC raised its stake in shares of Digital Turbine by 16.2% in the second quarter. Trellus Management Company LLC now owns 600,000 shares of the software maker’s stock valued at $618,000 after buying an additional 83,675 shares during the period. Unterberg Capital LLC purchased a new stake in shares of Digital Turbine during the second quarter valued at $412,000. Finally, Carleon Capital Partners LLC purchased a new stake in shares of Digital Turbine during the second quarter valued at $2,673,000. Institutional investors and hedge funds own 17.18% of the company’s stock.

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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