Shares of Digital Turbine Inc. (NASDAQ:APPS) have been given an average recommendation of “Hold” by the six analysts that are currently covering the firm. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $1.61.

A number of analysts recently issued reports on APPS shares. Ladenburg Thalmann upgraded Digital Turbine from a “neutral” rating to a “buy” rating and raised their price target for the stock from $1.26 to $2.35 in a research report on Wednesday, August 31st. Roth Capital downgraded Digital Turbine from a “buy” rating to a “neutral” rating in a research report on Monday, September 26th. Craig Hallum downgraded Digital Turbine from a “buy” rating to a “hold” rating in a research report on Tuesday. Leerink Swann downgraded Digital Turbine from a “buy” rating to a “neutral” rating and set a $1.15 price target for the company. in a research report on Tuesday, June 14th. Finally, Zacks Investment Research upgraded Digital Turbine from a “sell” rating to a “hold” rating and set a $1.25 price target for the company in a research report on Tuesday, June 14th.

Several hedge funds have recently added to or reduced their stakes in APPS. Paloma Partners Management Co acquired a new stake in Digital Turbine during the second quarter valued at $225,000. Geode Capital Management LLC increased its stake in Digital Turbine by 7.4% in the first quarter. Geode Capital Management LLC now owns 257,594 shares of the company’s stock valued at $306,000 after buying an additional 17,789 shares during the period. Trellus Management Company LLC increased its stake in Digital Turbine by 3.5% in the second quarter. Trellus Management Company LLC now owns 470,100 shares of the company’s stock valued at $503,000 after buying an additional 16,000 shares during the period. State Street Corp increased its stake in Digital Turbine by 29.2% in the first quarter. State Street Corp now owns 506,334 shares of the company’s stock valued at $605,000 after buying an additional 114,424 shares during the period. Finally, White Pine Capital LLC increased its stake in Digital Turbine by 12.3% in the second quarter. White Pine Capital LLC now owns 620,675 shares of the company’s stock valued at $664,000 after buying an additional 68,200 shares during the period. Institutional investors and hedge funds own 18.88% of the company’s stock.

Digital Turbine (NASDAQ:APPS) traded down 8.0600% during mid-day trading on Tuesday, hitting $0.9194. 658,760 shares of the stock were exchanged. The stock’s market cap is $61.26 million. Digital Turbine has a 52-week low of $0.73 and a 52-week high of $1.80. The stock has a 50 day moving average of $1.19 and a 200-day moving average of $1.07.

Digital Turbine (NASDAQ:APPS) last posted its earnings results on Tuesday, August 9th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.03. Digital Turbine had a negative net margin of 29.61% and a negative return on equity of 30.82%. The business earned $24.04 million during the quarter, compared to analysts’ expectations of $23.82 million. During the same period last year, the business posted ($0.22) earnings per share. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. Equities analysts predict that Digital Turbine will post ($0.29) EPS for the current fiscal year.

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.

5 Day Chart for NASDAQ:APPS

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